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SalMar ASA ( (GB:0FWY) ) has shared an announcement.
SalMar ASA has announced a merger plan involving its subsidiary, SalMar Farming AS, and Wilsgård AS, with SalMar Farming as the acquiring company. This strategic move aims to consolidate ownership and enhance operational efficiency, cost reductions, and financial robustness. The merger, valued at NOK 1,767 million, will involve a combination of consideration shares and cash, with SalMar increasing its share capital to facilitate the transaction. The merger is expected to be completed by summer 2025, pending necessary approvals, and is anticipated to contribute to regional development in Northern Norway.
More about SalMar ASA
SalMar ASA is a prominent player in the fisheries and aquaculture industry, focusing on the production and farming of salmon. The company has a significant market presence in Norway, particularly in Northern regions, and is known for its strategic mergers and acquisitions to enhance its operational capabilities.
YTD Price Performance: -9.04%
Average Trading Volume: 15,741
Technical Sentiment Signal: Buy
Current Market Cap: NOK67.3B
For an in-depth examination of 0FWY stock, go to TipRanks’ Stock Analysis page.