Posts Tagged ‘DNB’
Scottish Salmon Company secures £100m growth package
THE Scottish Salmon Company, recently acquired by the Faroese aquaculture group Bakkafrost, has secured a £100 million refinancing package to help move the business forward over the next five years. In a financial announcement last night it said: ‘The Scottish Salmon Company PLC is pleased to announce that its wholly owned subsidiary, the Scottish Salmon Company…
Read MoreBakkafrost in bid for all SSC shares
BAKKAFROST has moved to purchase the entire share capital of the Scottish Salmon Company. The bid is not entirely unexpected as Bakkafrost CEO Regin Jacobsen suggested as much in September, when the sale to the Faroese salmon farmer was first announced. But it has probably come sooner than expected. Initially, Bakkafrost purchased 68.6 per cent…
Read MoreBakkafrost buys Scottish Salmon Company
THE Faroese salmon farmer Bakkafrost has bought a majority share in the Scottish Salmon Company (SSC), it was announced this afternoon. Bakkafrost acquired 68.6 per cent of SSC from Northern Link, ending much speculation in the industry after the company was put up for sale in July. Listed on the Olso Stock Exchange seafood index,…
Read MoreSalmon demand ‘not what it used to be’
DEMAND for salmon is not what it used to be, with falling prices accompanying low supply growth, said DNB Bank seafood analyst Alexander Aukner yesterday. In an eve of exhibition seminar, held in Brussels by DNB and the commodity exchange Fish Pool, he told an audience drawn from across the industry that he saw the…
Read MoreWhat Iceland can learn from Norway
ICELAND’S annual aquaculture conference, which begins today, has invited a leading Norwegian industry analyst to address delegates. Dag Sletmo, DNB senior vice president and seafood analyst, will speak at the Aqua-Ice event, in Reykjavik today and tomorrow, about lessons learned in Norway. ‘Iceland has a large potential in salmon farming, bigger than Norway relative to…
Read MoreSalmon market surprisingly robust says DNB
DESPITE the volatility of salmon prices, the robustness of the market has surprised analysts, DNB’s Alexander Aukner told an audience of producers and traders at the DNB/Fish Pool seminar on the eve of the Seafood Expo. Aukner, an equity analyst at the Norwegian bank, said the ‘super cycle’ is set to continue, prices are at…
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