Markets Archive
Kingfish Q2 sales more than double year on year
The Kingfish Company more than doubled its sales during the second quarter of 2022, the Dutch Yellowtail fish farmer announced in a trading update today. Driven by continued strong demand for Yellowtail in both Europe and the US, revenues increased from €2.3m (£1.95m) in Q2 of 2021 to €4.8m (£4.06m) for the same period this…
Read MoreCooke raises the stakes in Tassal bid
Canada’s Cooke Aquaculture seems determined to continue its pursuit of the Australian salmon farmer Tassal. The Australian Securities Exchange has reported that Cooke has increased its interest in the Tasmania-based business from 5.4% to 7.6%, the equivalent of share purchases totalling AU $21.7m (£12.35m). Reports suggest that Cooke is prepared to pay around AU $1…
Read MoreWester Ross Fisheries is sold to Mowi
Wester Ross Fisheries, one of the last independent salmon farmers in Scotland, appears to have been snapped up by the sector’s biggest fish – Mowi. A document posted on the Companies House website this afternoon, but dated 30 June, states that Mowi Scotland Ltd now exercises “significant control” with regard to Wester Ross. Technically this…
Read MoreSalMar seals NRS acquisition
Norway Royal Salmon and SalMar last night finally sealed their merger, creating the world’s second largest Atlantic salmon farming business. The deal was agreed following an extraordinary general meeting of NRS, but in effect it is SalMar which is the dominant partner. SalMar will also be acquiring the wider integrated aquaculture business NTS – previously…
Read MoreCooke says Tassal offer ‘attractive’
Cooke Aquaculture has said it considers its AU $1 billion (£567m) bid for the Tasmanian salmon farmer Tassal to be an attractive proposition for shareholders. Yesterday the company submitted an offer of AU $4.85 per share which was rejected by the Hobart based company. It now turns out this was Cooke’s third offer, starting at…
Read MoreTassal turns down bid from Cooke
Canadian fish farmer Cooke Aquaculture is making a new attempt to buy into the Australian salmon sector. Working through its parent company, Cooke Inc, it has made a non-binding offer for the Tasmania-based salmon producer, the Tassal Group, which has been rejected. The offer, for 100% of Tassal shares, is estimated to be worth around…
Read MoreFood major Jerónimo Martins to invest in flow-through salmon farmer
International food group Jerónimo Martins is investing NOK 173.7m (£14.28m) in Andfjord Salmon, a Norwegian fish farmer that has developed a unique flow-through technology. Andfjord Salmon is developing a land-based farm at Kvalnes, on the on the island of Andøya on the Arctic archipelago of Vesterålen, Norway. The company’s stated ambition is to build the…
Read MoreMajor investor sells off Mowi shares
Leading Belgian investment holding company Groupe Bruxelles Lambert SA (GBL) announced today it has completed the sale of around half its shareholding in Mowi for NOK 4.29 billion (£355.7m). The move, which started after closure of the Oslo Stock Exchange last night, involves 18.1 million shares in Mowi, corresponding to 3.5% of its total share capital,…
Read MoreSSC takes on new identity as Bakkafrost Scotland
The Scottish Salmon Company (SSC) is rebranding as Bakkafrost Scotland, three years after its acquisition by the Faroese group. Bakkafrost said: “The corporate focus for the past two years has been to align the businesses and develop its core capabilities in Scotland. The renaming of the Scottish operations will ensure that the Group operates as ‘One…
Read MoreSt James Smokehouse profits up
Thanks to some impressive cost savings, St James Smokehouse was able to increase its profits during 2020, despite the challenges posed by the pandemic. The Annan-based company has just published its accounts for the full year 2020, the most recent period for which detailed figures are available, which show pre-tax profits of £1.581m against 1.405m…
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