Jerónimo Martins increases its stake in Norway’s Andfjord Salmon to 40% and adds croaker to its range of sea bream and sea bass from Morocco.
The Jerónimo Martins (JM) group continues to increase its stake in Norway’s Andfjord Salmon. After investing €45 million last year in two capital increases that raised its stake to 35.11% by the end of the financial year, the owner of Pingo Doce received an additional 9 million shares at the start of this year, bringing its total stake to 39.72%.
This new capital increase by the aquaculture salmon producer was initiated in the final month of 2025, with the Portuguese group, through its agri-food arm led by former Portuguese Minister of Agriculture António Serrano, making an advance payment of €20 million to the Nordic company of which it was already the largest shareholder.
