Following its acquisition of 50 percent of the Jerzy Malek -backed Icelandic salmon producer Arctic Fish, Norway Royal Salmon (NRS) CEO Høstlund said he sees great potential for aquaculture in Iceland, but smolt access is a key determinant of success.

On Wednesday NRS announced it would acquire 50 percent of Arctic Fish on the west side of the Iceland for €29 million ($32.7 million).

Morpol founder Jerzy Malek will see his share diluted to 47.5 percent, while CEO Sigurdur Petursson will own 2.5