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Mowi ASA ( (GB:0OAW) ) has issued an update.
Mowi ASA has received final approval for its acquisition of a controlling stake in Nova Sea AS, increasing its ownership from 49% to 95%. This strategic acquisition is expected to boost Mowi’s annual salmon harvest to 597,000 tonnes in 2025, with significant growth in Northern Norway. The transaction is anticipated to create synergies valued at NOK 400 million annually, enhancing Mowi’s operational efficiency and strengthening its position in the salmon farming industry.
The most recent analyst rating on (GB:0OAW) stock is a Hold with a NOK205.00 price target. To see the full list of analyst forecasts on Mowi ASA stock, see the GB:0OAW Stock Forecast page.
More about Mowi ASA
Mowi ASA is a leading global seafood company and the largest producer of farm-raised Atlantic salmon, with operations in seven countries including Norway, Scotland, and Canada. The company is known for its sustainable practices and has been recognized as the most sustainable listed animal protein producer for six consecutive years. Mowi employs 11,800 people worldwide and is headquartered in Bergen, Norway.
Average Trading Volume: 759,724
Current Market Cap: NOK119.6B
See more data about 0OAW stock on TipRanks’ Stock Analysis page.