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Salmon Evolution ASA ( (DE:60E) ) has provided an update.
Salmon Evolution ASA has secured a NOK 250 million credit facility with DNB Bank ASA and Nordea Bank Abp to enhance financial flexibility amid a softer salmon market. The facility will support the company’s Indre Harøy phase 2 construction project and involves amended EBITDA covenant requirements through 2025.
More about Salmon Evolution ASA
Salmon Evolution is a global leader in land-based salmon farming, utilizing a hybrid flow-through system to optimize growth conditions in a controlled environment. The company is strategically located on the west coast of Norway and is focused on international expansion.
Average Trading Volume: 615,677
Current Market Cap: NOK2.9B
For a thorough assessment of 60E stock, go to TipRanks’ Stock Analysis page.