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Andfjord Salmon AS ( (DE:50R) ) has shared an announcement.
Andfjord Salmon has completed a NOK 750 million bond issue to fund the expansion of its Kvalnes site, aiming to increase its salmon farming capacity to 17,000 tons annually by September 2025. This strategic move reflects strong investor confidence and positions the company for significant growth in the sustainable aquaculture industry.
More about Andfjord Salmon AS
Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon is developing the world’s most sustainable and fish-friendly aquaculture facility. The company combines ocean and land-based salmon farming through a proprietary flow-through system, achieving high survival rates and efficiency in its operations.
Average Trading Volume: 362,345
Current Market Cap: NOK2.96B
See more insights into 50R stock on TipRanks’ Stock Analysis page.