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Pan Fish refinanced

The Board of the Norwegian aquaculture company Pan Fish has unanimously accepted the plan for refinancing of the company which has been negotiated with the banks.

The Board of the Norwegian aquaculture company Pan Fish has unanimously accepted the plan for refinancing of the company which has been negotiated with the banks.

The agreement means that NOK 900 million of the company's debts will be converted into share capital.

The board is of the opinion that the agreement will make it possible for Pan Fish to regain its position as one of the world's leading fish farming concerns.

Pan Fish CEO Atle Eide says the agreement has pulled the company out of the current crisis.

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