Gigante Salmon AS (DE:96M) has released an update.
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Gigante Salmon AS has reported significant milestones in the second quarter of 2024, including the appointment of Kjell Lorentsen as CEO, completion of technical installations for production basin 2, and a successful private placement raised to NOK 225 million. The company also secured NOK 120 million in long-term financing and noted positive production experiences with average fish weights surpassing 1,000 grams. Gigante Salmon’s financial position was strengthened with total investments reaching NOK 792.8 million and funding increased by approximately NOK 361 million.
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