Andfjord Salmon AS ( (DE:50R) ) just unveiled an update.
Andfjord Salmon AS has announced a private placement to raise between NOK 600 million and NOK 650 million to fund its Phase 2 construction at Kvalnes, optimize fish logistics, and prepare for regulatory changes. The company has made significant progress in its land-based aquaculture facility, with plans to increase production capacity by 20% and expand its infrastructure. The private placement will involve key investors and aims to secure the necessary equity financing to support the company’s growth and operational enhancements.
More about Andfjord Salmon AS
Andfjord Salmon AS operates in the aquaculture industry, focusing on land-based salmon farming. The company is engaged in the development and operation of a facility at Kvalnes, Andøya, with an emphasis on sustainable and efficient fish logistics systems to enhance production capacity.
YTD Price Performance: -4.19%
Average Trading Volume: 40
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €221.5M
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