Markets Archive

SalMar said last night it has received a majority of “irrevocable” advances acceptances from NTS shareholders. It means that CEO and founder Gustav Witzøe appears to have secured one of the biggest prizes in salmon farming, leaving rivals out in the cold. The deal would make SalMar the world’s second largest Atlantic salmon farmer and only…

Mowi may come in with a new bid for the NTS aquaculture group, its CEO Ivan Vindheim hinted today. Vindheim told the business news website E.24.no that he was still interested in the multi-role business which includes Norway Royal Salmon. Mowi dropped its bid totalling NOK 13.8bn (£1.14bn) on Monday after SalMar came in with…

The NTS aquaculture group has brought forward its 2021 final quarter financial results following Monday’s takeover offer from its competitor SalMar. The figures were due to be published next week, but the NTS group, which owns 68% of Norway Royal Salmon, yesterday published a set of preliminary results. They show an operating profit or EBIT…

Grieg Seafood has reported an operating profit of NOK 265m (£22m) for the final quarter of last year, boosted by rising prices and declining costs. The result is a huge improvement on the corresponding three months in 2020, when it reported an operating loss of NOK 16m (£1.3m). The final quarter of 2021 was also…

SalMar this afternoon formally joined the battle for the NTS aquaculture group, offering NOK 120 (£10) a share – a total of NOK 15.1 bn (£1.25bn). The salmon giant’s entry, if a little delayed, was not unexpected, and has now forced its big rival Mowi to withdraw its two week old offer of NOK 110…

Aquaculture technology group AKVA saw revenue rise 10% year-on-year to NOK 831m (£69m) for the last quarter of 2021. EBIT (earnings before interest and taxation) was up to NOK 19m (£1.58m) from NOK 9m (£750,000) in Q4 2020, but the company said profits had been impacted by cost inflation and supply chain issues. Order intake…

Grieg Seafood has announced the signing of a NOK 3.2 billion (£268m) five-year senior secured sustainability-linked facilities agreement with DNB Bank ASA and Nordea Bank, to refinance its existing bank facilities. The agreement provides for a NOK 750m (£62m) term loan, a €75m (£63m) term loan, a NOK 1,500m (£125m) revolving credit facility. In addition, Grieg Seafood…

Land-based fish farming company Salmon Evolution has described 2021 as “a ground-breaking year” for the business. Presenting the company’s final quarter results, CEO Håkon André Berg, said: “We are truly excited about soon being able to welcome the first smolt into our facility at Indre Harøy. “We have spent a lot of time preparing for…

Two salmon companies helped pull down the Oslo Stock Exchange’s share index yesterday with heavy share falls. Both are companies focused on RAS (recirculating aquaculture systems) production on land-based farms. One was Salmon Evolution, which only 24 hours earlier announced it was making preparations for the second phase of its land-based salmon farm at Indre…