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Royal Norwegian Salmon Company (NRS) acquires SalmoNor, ranks sixth in the world

 Last Update: 2022-01-21
 Source: Internet
 Author: User

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Norwegian maritime group NTS announced that its two salmon companies will merge their businesses, making Royal Norwegian Salmon (NRS) the sixth largest salmon producer in the world by acquiring a 100% stake in SalmoNor
.

In June 2021, NTS acquired Salmo through cash payment and equity transferNor 100% equity, SalmoNor merged with NTS subsidiary Midt-Norsk Havbruk (MNH), the merged company is still called SalmoNor, the number of salmon licenses reaches 10, and the total output is 36,500 tons
.

In August 2021, NTS announced the purchase of more than 50% of NRS, forcing another large producer, SalMar, to abandon its acquisition of NRS
.
As of now, NTS holds 68.
1% of NRS shares
.

This time, NRS will acquire Salmo through cash payment (31.
86%) and equity transfer (68.
14%)Nor 100% stake, which is valued at about NOK 8.
3 billion ($937 million)
.
The required cash portion will be raised through an additional issue of NRS shares
.

After NRS acquires SalmoNor, total salmon production will reach 124,000 tons, including 100,000 tons from Norway and 24,000 tons from Iceland
.

Klaus Hatlebrekke, CEO of NRS, said: "We are looking forward to the addition of SalmoNor
.
We will combine the management and operational strengths of both companies to lay an important foundation for continued growth and the creation of new jobs
.
We look forward to developing this joint venture together in the future
.
"

Trude Olafsen, NRS Independent Director, said: "These two leading salmon producers, with breeding licenses in the best regions of Norway, have merged into one large company, enabling further growth and development in central and northern Norway
.
"

salmon

In August 2021, NTS announced the purchase of more than 50% of NRS, forcing another large producer, SalMar, to abandon its acquisition of NRS
.
As of now, NTS holds 68.
1% of NRS shares
.

　　After NRS acquires SalmoNor, total salmon production will reach 124,000 tons, including 100,000 tons from Norway and 24,000 tons from Iceland
.

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