Markets Archive

Marine technology group OTAQ has reported a strong increase in revenue and profits for the year to 31 March 2021. OTAQ, which makes the SealFence deterrent system as well as a variety of monitoring and analysis technology for the aquaculture sector, has reported an 18.5% increase in revenue, year on year, to £4.05m (2020: £3.42m)…

After months of speculation, the integrated aquaculture group NTS is bidding to acquire all the shares in Norway Royal Salmon. The offer, at around NOK 209 (£17) per share, which is valid from today and runs to 16 August, is said to be worth nine billion krone (£938m), almost two billion (£164m) more than the target’s…

Salmon farmer Nordlaks, which recently received an official rebuff over its giant offshore Havfarm platform, saw sales fall by more than 10% last year, mainly as a result of the coronavirus pandemic. Operating revenues fell by NOK 327m (£26m)  to NOK 2.7bn (£221m) with the annual profit emerging at NOK 400m (£32m). Nordlaks has invested…

Mowi Scotland has delivered a higher harvest and operating profit during the April-June second quarter period this year, the group’s trading update shows. The group also saw increased volumes in Canada and Chile, but a slight fall in Norway. The Scottish harvest figure for Q2 is 19,000 tonnes, up 31% from 14,500 tonnes in Q2…

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…

Lerøy Seafood and SalMar have reported lower harvest volumes for the second quarter of this year. The two companies, which have just issued their Q2 trading updates to the Oslo Stock Exchange, are joint owners of Scottish Sea Farms which is buying Grieg Shetland’s assets for around £164m. The Scottish Sea Farms harvest is not…

SalMar has announced another acquisition deal. Just 48 hours after the salmon farming giant’s jointly owned subsidiary Scottish Sea Farms struck a deal to buy Grieg’s Shetland assets for £164m, SalMar announced it was investing NOK 80m (£6.8m) to acquire a 51% stake in the aquaculture company Nekton Havbruk. Based in Smøla in central Norway,…

Bakkafrost has unveiled a significantly higher harvest volumes for the second quarter of this year, with its Scottish operation showing a marked improvement. Total output for the Faroe Islands based group in the three months from April to June was 28,200 tonnes (heads on, gutted), against 20,800 tonnes in the same period a year ago.…

One of Scandinavia’s leading investment banks has described the Scottish Sea Farms/Grieg Shetland deal as good news for both parties. SalMar and Lerøy, co-owners of SSF, announced on Tuesday that SSF was buying Grieg’s Shetland assets for around £164m on a debt and cash free basis. The news immediately re-energised Grieg shares on the Oslo…