Salmon Evolution set to list on Oslo Børs

Land-based fish farmer Salmon Evolution ASA is set to list its shares on the Oslo Børs stock exchange as from tomorrow.

The company has published a prospectus for investors but has said that no new shares will be offered in connection with the listing.

Yesterday the Oslo Stock Exchange on 7 July 2021 announced that the Oslo Børs had approved the company’s application for listing. The shares are currently traded on the Euronext Growth (Oslo) market.

Salmon Evolution is constructing a large RAS (recirculating aquaculture system) farm at Indre Harøy in Norway, and earlier this year agreed a joint venture with Dongwon Industries to build and operate a land-based salmon farm in South Korea.

In April, the company cancelled a further fundraising exercise after its shares dipped below the offer price. However, in its report for Q1 of this year, Salmon Evolution said it was still on track to produce around 25,000 tonnes per year by 2024.