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🇮🇸 Iceland /Economy & Trade

Errors Found in Ownership Report of Iceland's Top Fishing Companies

From Morgunblaðið · () Icelandic

Translated from Icelandic, summarized and contextualized by DistantNews.

At a glance

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  • A report by the University's Institute of Economic Studies on the ownership of Iceland's 20 largest fishing companies contains errors.
  • The report, commissioned by the Ministry of Industries and Innovation, sparked debate upon its release.
  • Companies like Loðnuvinnslan hf. and Útgerðarfélag Reykjavíkur hf. have raised concerns about inaccuracies in the report.

Errors have been identified in a report by the University's Institute of Economic Studies concerning the ownership of Iceland's 20 largest fishing companies. The report, commissioned by the Ministry of Industries and Innovation at the request of MP Dagur B. Eggertsson, generated significant discussion following its publication on May 22.

Questions have been raised about the report's findings and the conclusions drawn from them. Loðnuvinnslan hf. has issued a statement clarifying that it has no connection to a 5 billion ISK investment by one of its shareholders, who owns only a 1.6% stake in the company. Furthermore, it is widely believed that the assets of Útgerðarfélag Reykjavíkur hf. are significantly overvalued in the report.

The article notes that full access to the detailed analysis is available to subscribers of Morgunblaðið, which aims to provide quality, diverse, and reliable content. This subscription supports Icelandic journalism.

DistantNews Editorial

Originally published by Morgunblaðið in Icelandic. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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