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SalMar ASA Expands with AS Knutshaugfisk Acquisition

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SalMar ASA Expands with AS Knutshaugfisk Acquisition

SalMar ASA ( (GB:0FWY) ) just unveiled an update.

SalMar ASA has announced the acquisition of a controlling interest in AS Knutshaugfisk, which will be settled partly in cash and partly through the issuance of 716,652 new shares at NOK 559 per share. This transaction will increase SalMar’s share capital to NOK 33,188,893, enhancing its market position and operational capacity in the salmon farming industry.

More about SalMar ASA

SalMar is one of the world’s largest and most efficient producers of salmon, with farming operations in Central and Northern Norway, Iceland, and offshore aquaculture through SalMar Aker Ocean. The company also owns 50% of Scottish Sea Farms Ltd.

YTD Price Performance: 5.75%

Average Trading Volume: 13,131

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: NOK75.59B

See more insights into 0FWY stock on TipRanks’ Stock Analysis page.

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