Icelanders Invest in Tuna Farming in Mexico Skip to content

Icelanders Invest in Tuna Farming in Mexico

By Iceland Review

Lions Gate Lighting Corporation, which is owned by Icelanders to a large extent, has bought one third of the shares in the Mexican tuna farming company Baja Aquafarms and will fully acquire the company before long.

Most of the tuna will go on the sushi market, as CEO of Atlantis Group Óli Valur Steindórsson told Fréttabladid. Photo by Páll Kjartansson.

Lions Gate is owned by Atlantis Group and is also in the possession of the tuna farming company Kali Tuna in Croatia, Morgunbladid reports.

Lions Gate will pay USD 8 million (ISK 1 billion, EUR 6 million) into Baja and then the owners of Baja will receive USD 10 million when the sale of fish has been completed later this year. They will also acquire approximately 15 percent of shares in Lions Gate.

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