Fifax obtained one million euros in financing for fish farming

Focused on fish farming Fifax has entered into a million euro short-term supply financing agreement with Ostrobothnia’s Arvo Sijoitusosuuskunna, Fifax informs.

The purpose of delivery financing is to partially finance fish farming related to customer deliveries.

According to Fifax, it will be repaid with part of the payments received from customers for the deliveries in question. At the latest, the financing should be paid by January 31, 2025.

The financing will support the restart of the company’s production facility, the completion of which, according to the plans, requires additional financing, the release states. Fifax continues to work on additional financing solutions with various parties.