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Mowi ASA ( (GB:0OAW) ) has provided an announcement.
Mowi ASA has announced its acquisition of a controlling stake in Nova Sea AS, increasing its ownership from 49% to 95%. This strategic move, valued at NOK 7.4 billion (EUR 625 million), positions Mowi as a dominant player in the Northern Norway salmon farming region. The acquisition is expected to be EPS accretive and generate significant synergies, potentially amounting to NOK 400 million annually. This deal enhances Mowi’s capacity and biological performance, reinforcing its role as a leader in sustainable aquaculture and creating more jobs and value in the Northern Norwegian region. The transaction is subject to regulatory approvals and is anticipated to close in the latter half of 2025.
More about Mowi ASA
Mowi ASA is one of the world’s leading seafood companies and the largest producer of farm-raised Atlantic salmon globally. With operations in seven countries, including Norway, Scotland, Ireland, and Canada, Mowi is a fully integrated seafood company that focuses on delivering high-quality salmon and seafood products. Known for sustainability, it has a significant presence in the global market, with a turnover of EUR 5.6 billion in 2024.
YTD Price Performance: 12.85%
Average Trading Volume: 270,923
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK113.6B
See more insights into 0OAW stock on TipRanks’ Stock Analysis page.
