Markets Archive
Krüger Kaldnes hooks up with Pure Salmon
Investment firm 8F has acquired the aquaculture division of Krüger Kaldnes from water services giant Veolia. Krüger Kaldnes’ RAS operations will be merged with 8F’s land-based aquaculture business Pure Salmon to create a new company, Pure Salmon Kaldnes RAS. Norway-based Krüger Kaldnes is a leading player in RAS (recirculating aquaculture systems) design, operation and maintenance.…
Read MoreNordic Halibut hopeful despite Q1 loss
Stock market newcomer Nordic Halibut saw its operating losses almost double during the first quarter of this year, but it looks forward to growth once Europe emerges from the Covid-19 pandemic. While halibut is a popular and regarded by many as one of the finest prime fish choices, it is often more of a restaurant…
Read MoreSalMar raises £230m in a few hours
SalMar raised a NOK equivalent of more than £230m in Oslo last night – in almost record time. Shortly after closure of the Stock Exchange yesterday afternoon it announced plans to issue 4.5 million new shares to raise fresh capital for growth. The prices was set at NOK 602 per share designed to yield a…
Read MoreNeil Manchester named as MD for Kames
Neil Manchester has been named as the next Managing Director at trout business Kames Fish Farming. He will succeed Stuart Cannon, who is set to take on the role of Chairman next February. Manchester, who started his fish farming career at Kames, will join the senior management team as Managing Director Designate at the start…
Read MoreUS market will be ‘winner’ for Mowi
Shares in Mowi have risen sharply following a highly encouraging report by a leading international markets institution. According to TDN Direkt, Nordea Markets has upgraded its investor recommendation from hold to buy. It says the last 15 months have been challenging for the world’s largest salmon farmer, but the outlook is now looking considerably brighter…
Read MoreAtlantic Sapphire share issue raises $121m
Miami-based salmon farmer Atlantic Sapphire has successfully raised US $121m (around £85.6m or NOK 1bn) to help fund its growth plans. The company issued 10.3 million shares at a price of NOK 98.60 ($11.87 or £8.40 at current rates) in a private placement. Atlantic Sapphire had engaged broker Arctic Securities, together with Bank of America and…
Read MoreNTS wins bidding war for SalmoNor
Seafood giant NTS ASA has beaten rivals Mowi and SalMar in the contest to acquire Norwegian salmon farming business SalmoNor AS. NTS plans to merge SalmoNor with its wholly-owned fish farming subsidiary, Midt-Norsk Havbruk (MNH). The deal brings together two of the earliest pioneers in Norway’s aquaculture sector. Both SalmoNor and MNH can trace their…
Read MoreSkretting in Australian expansion move
NUTRECO’S aquaculture division Skretting has announced plans to expand its production capacity in Australia through the purchase of Ridley’s extrusion facility in Westbury, Tasmania. The company said the move was a continuation of Skretting’s long-term commitment to the Australian and New Zealand aquaculture industries. “We have been producing aquafeed from our Cambridge facility in Tasmania…
Read MoreSalmon Evolution ‘uniquely positioned’ for land-based aquaculture boom
Land-based aquaculture business Salmon Evolution is continuing to burn money, its Q1 financial results for 2021 show, but the company says it is on track to produce around 25,000 tonnes per year by 2024. Salmon Evolution has one production site under construction at Indre Harøy in Norway and a joint venture, “K Smart”, with Dongwon…
Read MoreLerøy hit by winter sores and weak prices
The Lerøy Seafood Group today reported 2021 first quarter revenues of NOK 4,925m (£420m) , down from NOK 5,305m (453m) last year. The main factors behind the drop were lower prices for salmon and other fish, but the company also had problems with winter sores in some of its farming operations. Lerøy is a fully…
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