Mowi ASA ( (GB:0OAW) ) has issued an update.
Mowi ASA has announced a strategic review of its Feed division, considering options such as a sale. The division, which generated EUR 1,122 million in revenue in 2024, plays a crucial role in supplying feed for Mowi’s European salmon farming operations. The review aims to streamline operations as Mowi continues to expand its farming capacity and global reach. The outcome of the review remains uncertain, and Mowi has engaged Arctic Securities to assist with the process.
More about Mowi ASA
Mowi ASA is a leading global seafood company and the world’s largest producer of farm-raised Atlantic salmon. With operations in seven countries, including Norway, Scotland, and Canada, Mowi is a fully integrated company that supplies high-quality seafood to consumers worldwide under its MOWI brand. The company is headquartered in Bergen, Norway, employs 11,800 people across 26 countries, and had a turnover of EUR 5.6 billion in 2024. Mowi is recognized as the most sustainable listed animal protein producer globally.
YTD Price Performance: 8.06%
Average Trading Volume: 160,836
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: NOK108.3B
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