Markets Archive
AquaMaof agrees RAS contract with Kvidul
AquaMaof, an Israeli firm providing recirculating aquaculture system (RAS ) technology, has struck a deal with the aquaculture company Kvidul to build a 20,000 tonne salmon farm on the west coast of Norway. This is the latest in a series of major overseas investment projects for AquaMaof. Last summer the company landed two major RAS…
Read MoreAtle Eide joins tilapia farmer’s board
A leading figure in the world of salmon farming has joined the board of African tilapia producer Lake Harvest. Atle Eide, formerly Chairman at SalMar Group, has been named as Non-executive Chairman at the company. Lake Harvest is one of the largest integrated aquaculture companies in sub-Saharan Africa and was recently boosted by an investment…
Read MoreNTS rebels in new board takeover bid
The NTS aquaculture group saga took a new twist over the weekend with the news that another attempt is being made to reshape the company’s board of directors. A rebel band of shareholders known as the Rørvik group, which failed to take over NTS and oust its founder Helge Gåsø, his son Ander and the chairman Odd Reidar Øie 10…
Read MoreNorcod wins £4m Spanish supermarket deal
The cod farmer Norcod has won a £4m plus major contract with a large but as yet unnamed Spanish supermarket group, the company has announced. The deal is for the delivery of 850 tonnes of fish at a fixed gross price of NOK 60 per kilo and has a total value of NOK 51 million…
Read MoreMowi makes offer to acquire NTS
In a further twist to the boardroom drama at seafood group NTS, rival salmon farmer Mowi has announced its intention to make an offer to buy the company. Mowi is offering around NOK 13.8bn (£1.14bn) to NTS shareholders. Last Friday, NTS founder Helge Gåsø saw off – by a very narrow margin – an attempt…
Read MoreKingfish secures finance for Zeeland expansion
The Kingfish Company has secured a €10m interim loan to finance the next stage of its Netherlands operation. The company also announced that longer term financing to complete Netherland Phase Two was at an advanced stage. The bridging loan being negotiated with Rabobank would ensure the continuous development of its European (Zeeland) facility. The Kingfish…
Read MoreNTS shareholder revolt threatens to oust leadership
The NTS saga turned into a full blown power struggle last night, with the news that seafood entrepreneur Helge Gåsø faces the prospect of being thrown off the board of the powerful integrated aquaculture he helped to create. The group of shareholders bidding to take full control of the business have called an extraordinary general meeting for…
Read MoreSpeculation over NTS grows following shareholder group bid
A bid by a shareholders’ group to win full control of the NTS integrated aquaculture group has sparked a flurry of speculation in the Norwegian media about the future shape of the business. The group, which already owns more than 50% of the shares in NTS, has unveiled an offer worth NOK 13.2bn (just over…
Read MoreMowi trebles Q4 operating profit
Fish farming giant Mowi almost trebled its operating profit (EBIT) on a lower global harvest during the final quarter of 2021, the company’s Q4 trading update reveals. The group reported an EBIT of €146m against €49m for the same period in 2020. The total harvest was 115,000 tonnes against 127,000 tonnes 12 months earlier. The…
Read MoreFiiZK, Ecomerden announce merger
Two leading producers of semi-closed fish farming cages, FiiZK and Ecomerden, have merged. In a joint statement, FiiZK and Ecomerden said: “The integration of the companies has already begun to ensure a successful and efficient merger process with customers and suppliers. FiiZK and Ecomerden are leading players in the development and delivery of semi-closed cage…
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