Iceland Seafood International (ISI) has received a non-binding letter of intent (LoI) for its 85 percent shareholding in Ahumados Domínguez.
ISI issued 40 million new shares in its company to finance its acquisition of Ahumados Domínguez in 2021, acquiring its 85 percent stake in the company from the Mestanza family for EUR 12.44 million (USD 14 million).
“I’m pleased we are announcing the acquisition of Ahumados Dominguez. This is a very important part of our ambition to strengthen our position into Spanish retail and, at the same time, enter the fast-growing salmon sector in Spain,” Bjarni Ármannsson, who was the CEO of ISI at the time, said. “Ahumados Dominguez is an excellent addition to the current strong footprint in salmon that we have in the Irish salmon sector.”
ISI announced the LoI on the Nasdaq Iceland stock exchange and did not provide details on who sent the letter.
“The Letter of Intent is non-binding, and it remains uncertain whether a transaction will ultimately be completed,” the company said.
ISI said any potential sale would need to undergo further negotiations between parties, completion of due diligence, and approval by the board of directors, among other things.
The news comes shortly after ISI posted sales and profit increases in H1 2026, which current CEO Ægir Páll Friðbertsson attributed to increased sales supported by strong demand for whitefish and increased pelagic volumes.
