tiprankstipranks
Company Announcements

SalMar ASA Expands with New Share Issuance for Acquisition

Story Highlights
SalMar ASA Expands with New Share Issuance for Acquisition

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

SalMar ASA has announced the issuance of 716,652 new shares as part of acquiring a controlling interest in AS Knutshaugfisk, increasing its share capital to NOK 33,188,893. This strategic move is expected to enhance SalMar’s market position and operational capabilities in the salmon farming industry.

More about SalMar ASA

SalMar is a leading global producer of salmon, with operations in Central and Northern Norway, Iceland, and offshore aquaculture through SalMar Aker Ocean. The company also holds a 50% stake in Scottish Sea Farms Ltd, focusing on efficient salmon farming and processing.

YTD Price Performance: 5.64%

Average Trading Volume: 13,850

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: NOK75.53B

For a thorough assessment of 0FWY stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App