Markets Archive
BioMar sees revenue rise, margins fall
Aquafeed group BioMar saw year on year revenue rise slightly for the second quarter of 2021, but net earnings were slightly down thanks to increased raw materials and logistics costs. BioMar’s revenue for Q2 was DKK 2,858m (£326m), up 6% on the same period in 2020. EBITDA, however, was down around 3% to DKK 215m…
Read MoreBarramundi debuts on Oslo stock exchange
Barramundi Group is celebrating its opening day on the Euronext Growth Oslo stock exchange, following a private placement which raised around NOK 130.8m (£10.7m) ahead of the listing. The first Australasian aquaculture group to go for an Oslo listing, Barramundi operates a vertically integrated fish farming business, from vaccine development and hatcheries through to grow-out…
Read MoreNTS ups its offer for Norway Royal Salmon
NTS last night increased its bid for Norway Royal Salmon just five days before the original offer expiry date. The integrated salmon group has raised the share buy price from NOK 209 to NOK 240, worth a total of NOK 10.5bn (£856m) and the offer date has been extended from 16 August to 26 August.…
Read MoreNRS board stands by takeover bid rejection
With the deadline for acceptance now less than a week away, the board of Norway Royal Salmon has repeated its call of three weeks ago for shareholders to reject the takeover offer from integrated aquaculture group NTS. The board issued a statement to the Oslo Stock Exchange yesterday afternoon effectively saying that the offer totalling…
Read MoreBrazilian meat giant set to snap up Huon Aquaculture
The Brazilian meat processor JBS has entered into an agreement to buy the Huon Aquaculture Group, Australia’s second largest salmon farmer. JBS, which already owns a meat processing business in Australia, will acquire all of Huon’s issued shares at a market value of AUS $425m (£225m) or 1.64bn Brazilian Reals. Huon is based in Southern…
Read MoreFürst Medical Laboratory scoops up PatoGen
Fish health company PatoGen has been acquired by Norway’s Fürst Medical Laboratory, which has promised to continue developing the business. PatoGen is a leading provider of preventive and diagnostic analysis for the aquaculture industry in Norway and Scotland. It has operations in Norway – in Ålesund, Oslo and Bodø – and Oban in Scotland. In…
Read MoreBarramundi Group set for Oslo listing
Australian aquaculture business the Barramundi Group is planning to list its shares on the Euronext Growth Oslo exchange. If the listing goes ahead, Barramundi would be the first Australasian company, as well as the first aquaculture player specialising in a tropical species, to be listed on the Oslo exchange. The company is one of the…
Read MoreSalmon boost for Marel’s earnings
Marel, the international fish and meat process equipment group, has reported a strong order book during the second quarter of this year, thanks in part to record demand in the salmon sector. The current order book now stands at €499.1m, up from €439m a year ago, while the profit was €23.3m against €30.7m in Q2…
Read MoreMeat giant could be lining up bid for Australia’s Huon
The Brazilian meat processor JBS is reported to be ready to make a bid for the Australian salmon farmer Huon Aquaculture. Southern hemisphere newspapers including The Australian and Mercury suggest that, following the acquisition of an Australian pork business the meat giant is looking at going into the salmon farming business. So far, there is…
Read MoreNorway Royal Salmon urges shareholders to reject NTS takeover offer
The board of Norway Royal Salmon has called on shareholders to reject all current offers for the company. NRS said in a stock exchange statement: “In the board’s view, the offer price does not reflect the underlying values in NRS.” The announcement is a clear reference to the current takeover bid from NTS, which acquired…
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