This article was featured in Eurofish Magazine 5 2025.
Musholm, a Danish owned subsidiary of Japanese seafood group Okamura Foods will acquire a 51% stake in -Latvia’s company Riga Bay Aquaculture (RBA) following Musholm’s aquaculture expansion strategy. RBA had won a competitive tender for the use of two sea areas in Riga Bay and is likely going to be issued a license for up to 10,000 tonnes of farmed fish.
Latvia will become the company’s third aquaculture base in addition to the preexisting sites in Denmark and Japan. The deal reflects the growing struggle of Musholm to navigate tightening Danish regulations on licenses and farming permissions. Okamura Foods has the goal of becoming one of the top 20 largest trout producers globally and looks to fully integrate their aquaculture company in Latvia with the new deal.