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An update from Salmon Evolution ASA ( (DE:60E) ) is now available.
Salmon Evolution ASA plans to raise about NOK 400 million through a private placement of new shares priced at NOK 4.50, alongside a separate retail offering of up to the NOK equivalent of EUR 1 million. The company has secured indications of more than NOK 200 million in subscriptions from new and existing investors, while the share issues are expected to be completed under existing board authorisations.
In parallel, the company’s lending syndicate has granted credit approval for a refinancing package that will increase long-term debt facilities by NOK 250 million and extend maturities with a long repayment profile starting in 2028. Combined equity and debt measures will refinance short-term borrowings, bolster liquidity for the Indre Harøy phase 2 expansion, and strengthen Salmon Evolution’s capital structure, with potential implications for its growth trajectory and risk profile for stakeholders.
The most recent analyst rating on (DE:60E) stock is a Buy with a NOK6.70 price target. To see the full list of analyst forecasts on Salmon Evolution ASA stock, see the DE:60E Stock Forecast page.
More about Salmon Evolution ASA
Salmon Evolution ASA is a Norwegian land-based aquaculture company focused on farming Atlantic salmon. The company is developing its flagship Indre Harøy facility in Norway, targeting sustainable, large-scale salmon production for global seafood markets.
Average Trading Volume: 758,197
Current Market Cap: NOK2.26B
For detailed information about 60E stock, go to TipRanks’ Stock Analysis page.