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SalMar Registers Share Capital Increase After Øylaks MTB Acquisition Settlement

Story Highlights
  • SalMar has issued 209,402 new shares as consideration to acquire 49% of Øylaks MTB AS.
  • Following registration, SalMar’s share capital rises to NOK 33.9 million across 135.6 million shares, modestly expanding its equity base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SalMar Registers Share Capital Increase After Øylaks MTB Acquisition Settlement

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SalMar ASA ( (GB:0FWY) ) has shared an announcement.

SalMar ASA has completed a share capital increase following the issuance of 209,402 new shares used as consideration for acquiring 49% of the shares in Øylaks MTB AS, a transaction that has now been formally registered with the Norwegian Register of Business Enterprises. The company’s share capital now stands at NOK 33,899,229.25 divided into 135,596,917 shares, reinforcing its ownership position in Øylaks MTB and marginally expanding its equity base, a move that may strengthen its operational footprint and integration within the salmon farming value chain.

The most recent analyst rating on (GB:0FWY) stock is a Hold with a NOK600.00 price target. To see the full list of analyst forecasts on SalMar ASA stock, see the GB:0FWY Stock Forecast page.

More about SalMar ASA

SalMar ASA is one of the world’s largest and most efficient producers of farmed salmon, with farming operations in Central and Northern Norway, offshore locations and Iceland, as well as significant harvesting and secondary processing activities. The group also holds a 50% stake in Scottish Sea Farms Ltd, reinforcing its position as a major player in the global salmon aquaculture industry.

Average Trading Volume: 230,420

Current Market Cap: NOK76.9B

For an in-depth examination of 0FWY stock, go to TipRanks’ Overview page.

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