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SalMar ASA ( (GB:0FWY) ) has provided an announcement.
SalMar ASA has agreed to acquire the remaining 49% of Øylaks MTB AS, giving it full ownership of the company, which holds one license to produce Atlantic salmon, thereby modestly strengthening SalMar’s production capacity and control over its farming assets. The transaction will be settled through the issuance of 209,402 new SalMar shares at NOK 655.20 per share under an existing board authorization, increasing the company’s share capital to NOK 33,899,229.25 divided into 135,596,917 shares, and reflecting continued use of equity-based financing to support strategic growth in its core salmon farming portfolio.
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 Atlantic salmon, with farming operations in Central and Northern Norway, offshore and in Iceland, alongside substantial 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 farming industry.
Average Trading Volume: 230,436
Current Market Cap: NOK78.32B
For detailed information about 0FWY stock, go to TipRanks’ Stock Analysis page.