Andfjord Salmon AS ( (DE:50R) ) has issued an update.
Andfjord Salmon has successfully allocated 17,142,858 new shares at NOK 35 each, raising approximately NOK 600 million through a private placement. The funds will support the company’s Phase 2 construction at Kvalnes, optimize fish logistics, and prepare for regulatory changes, enhancing its operational capabilities and market positioning.
More about Andfjord Salmon AS
Andfjord Salmon, located at Andøya in Norway’s Arctic Archipelago of Vesterålen, is pioneering a sustainable and fish-friendly aquaculture facility. The company utilizes a proprietary flow-through system that combines the best practices from ocean and land-based salmon farming, achieving impressive metrics such as a 97.5% survival rate in its first production cycle.
YTD Price Performance: -4.19%
Average Trading Volume: 40
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €221.5M
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