Markets Archive
Supermarket tycoon buys further into Atlantic Sapphire
One of Norway’s wealthiest businessmen has purchased a further ten million shares in the Florida salmon farmer Atlantic Sapphire. The purchase by Johan Johannson is worth NOK 50 million (NOK 5 per share) – or around £4m, according to an Oslo Stock Exchange announcement. The purchase is part of a wider share issue announced by…
Read MoreSalmon prices keep rolling upwards
There appears to be no end to the phenomenal rise in Norwegian fresh salmon prices, according to the latest data. After a brief lull last week (week 10) when they slipped back for the first time in six weeks they have now hit a further new record with an average price of NOK 122.88 (£9.57)…
Read MoreFish health challenges hit Mowi’s Scottish operation
Mowi’s Scotland business endured a challenging year in 2022, the company has disclosed in its annual report published today. The problems mainly centred around poor production and high mortality on stocks grown from externally sourced eggs, in addition to issues with micro-jellyfish bloom and SRS (Salmon Rickettsial Syndrome) following the warmest summer on record in…
Read MoreMowi posts record profits despite cost pressure
Mowi turned in a record performance last year with an operational EBIT of just over €1bn (£883m), but cost inflation continues to cast a shadow over the salmon farming industry. Chief Executive Ivan Vindheim told shareholders in the company’s annual report that Mowi was the best or the second best cost performer versus its peers…
Read MoreAtlantic Sapphire raises $55m in share issue
Florida salmon farmer Atlantic Sapphire has raised the equivalent of US $55m through a private placement on the Oslo Stock Exchange. The placement involved the sale of 199 million new shares, at NOK 5.00 per share (£0.39), raising NOK 595m (£46m). Atlantic Sapphire said the net proceeds from the private placement will be used to…
Read MoreAquaGen reports large profit rise
Aquaculture broodstock group AquaGen saw its pre-tax profits almost double over the past year, the company has reported. AquaGen is based in Norway, but has overseas offices in Stirling, Scotland and Chile. Turnover for the financial year 2021/2022 totalled NOK 672.2m (£55m) against NOK 531.4 million (£43m) in the previous period. This represents an increase of…
Read MoreKingfish Company saw sales jump by a third for Q4
Land-based aquaculture group The Kingfish Company has reported its highest ever sales figures. Its report for the final quarter of 2022 shows that revenue reached €50m (£44m), up by 34% on Q4 2021. In 2022, the company produced a record 1,511 tons of high value yellowtail kingfish (Seriola). For the full year 2022, it increased…
Read MoreNTS rebels secure delisting postponement
SalMar’s year-long battle for full control of the NTS aquaculture group has taken yet another twist. NTS shareholder Hans Martin Storø has called for the delisting of the company from the Oslo Stock Exchange to be halted while the Øie family is also expected to protest, claiming the share price SalMar is paying is too low. It was thought…
Read MoreMowi seals Arctic Fish deal
Mowi has completed its deal to buy a majority stake in the Icelandic salmon farmer Arctic Fish. The Norwegian-based company is investing more than £150m to acquire just over 51% of the shares in Arctic Fish from Mowi’s rival, SalMar. SalMar already owns Arnarlax, another large Iceland-based salmon business, which it is retaining. It acquired…
Read MoreSon of Samherji’s CEO buys overseas division
The European and North American operations of Samherji, Iceland’s largest integrated seafood group, have been acquired by a company run by the son of the group’s Chief Executive Officer. A Netherlands-based company owned by Baldvin Thorsteinsson (Þorsteinsson), son of Samherji’s CEO, Thorsteinn Már Baldvinsson) has reached an agreement to buy the assets of Álda Seafood, the…
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