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Salmon Evolution ASA ( (DE:60E) ) has provided an update.
Salmon Evolution ASA has reshaped its partnership with Dongwon Industries in Korea, replacing their joint venture with a technical advisory agreement under which Salmon Evolution will provide services on market terms, including the potential for significant milestone-based royalty payments, while retaining a minority stake and a five-year option to acquire up to 33% ownership at market terms. The revised structure removes Salmon Evolution’s future investment commitments in the Korean project, is expected to dilute its current 49% stake over time, and aligns with the company’s strategic focus on operational excellence and phased expansion at its Indre Harøy facility, underscoring tighter capital discipline and prioritising its own phase 3 growth project in Norway.
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 global leader in land-based salmon farming, pioneering a hybrid flow-through system (HFS) that combines advantages of land-based and sea-based aquaculture to reduce operational and biological risk. The company operates its first industrial-scale facility and global centre of excellence at Indre Harøy on Norway’s west coast, in the heart of the global aquaculture industry, and is listed on Oslo Børs under the ticker SALME.
Average Trading Volume: 667,508
Current Market Cap: NOK2.34B
See more data about 60E stock on TipRanks’ Stock Analysis page.