Torghatten Aqua joins Oslo Borse NOTC list
A new name in the aquaculture industry is set to make its debut on the Oslo Stock Market today.
The Torghatten Aqua group will become the ninth largest company among some 40 businesses on the NOTC list of Oslo Børs.
NOTC is an abbreviation for “Norwegian over the counter” trading in shares, a regulated marketplace for unlisted shares, that is shares that are not listed on the official stock market. It is 100% owned by Oslo Børs ASA.
Torghatten Aqua is an investment company that develops profitable and sustainable businesses in aquaculture and the marine industry.
Øyvind Løvdahl, CEO of Torghatten Aqua said: “Listing on NOTC was a promise we made to the shareholders when we raised capital via Folkeinvest [a platform for buying shares in unlisted companies] last year.”
He added: “Being on the NOTC list means that we create added value for our shareholders in the long term.
“The shares become more attractive and easier to trade, e.g. via online banking solutions. We are thus setting ourselves up for further growth and development.”
Some 800 shareholders contributed a total of NOK 80 million (around £6m), and Nova Sea recently became the owner with 33% of the shares. An issue of NOK 133 million (£10m) was also part of the agreement for the transaction.
SpareBank 1 Markets assisted as financial adviser in connection with the stock market listing.
Last month Fish Farmer reported that the large Norwegian salmon business Nova Sea had entered into a long term collaboration with Torghatten Aqua, with the aim of strengthening both companies.
