Triodos sells Bakkafrost shares after concerns over Scottish operations

Dutch investment firm Triodos Investment Management has sold its shares in Bakkafrost, citing weak financial results and fish welfare problems in the company’s Scottish operations, Kringvarp Føroya reports.

The anti-farmed-salmon organisation Foodrise said in a statement, cited by VP.fo, that Triodos sold its last shares in September. Triodos has now explained its decision, saying Bakkafrost has not brought its Scottish operations up to the level of its Faroese business.

Bakkafrost chief executive Regin Jacobsen has acknowledged that the problems were greater than expected. However, he told Fish Farmer that significant progress had been made, according to VP.fo.

Triodos held Bakkafrost shares worth about 16 million dollars in November 2024. The amount it received when it sold the shares in September 2026 has not been confirmed.