SalMar wins EU approval for NTS/NRS deal
SalMar has received European Union approval for its plan to acquire its salmon farming rival NTS and the NTS subsidiary Norway Royal Salmon. The European Commission said it had decided […] Continue Reading
Mowi poised to take control of Arctic Fish
Mowi is set to take a majority stake in the Icelandic salmon breeder Arctic Fish. It is Mowi’s first significant move into aquaculture in Iceland. Mowi recently warned that the […] Continue Reading
Salmon Evolution CEO quits for family reasons
Salmon Evolution CEO Håkon André Berg has resigned due to “personal family matters”, the company said in a Stock Exchange announcement today. The board of directors of the land-based salmon […] Continue Reading
Cermaq reins back investment despite high profits
The Norwegian arm of the salmon farming giant Cermaq has unveiled “good results” for last year, but says it is freezing investment worth NOK 400 million (£33m) and, with it, […] Continue Reading
Benchmark says 2022 profits will beat forecast
Aquaculture biotechnology business Benchmark says its profits for the year to 30 September 2022 are set to exceed market expectations. The company’s latest trading update, ahead of the audited full […] Continue Reading
Kingfish Company sales up 90% for Q3
Land-based aquaculture business The Kingfish Company has reported third quarter sales up by 90% year-on-year. The company’s update for Q3 shows that sales reached €5.5m (£4.8m) in the period, helped […] Continue Reading
Mowi Q3 operating profit up 83%
Mowi’s latest trading update predicts an operational EBIT or profit of €240m (£208m) for the third quarter of this year, a substantial increase on 12 months ago. This compares with […] Continue Reading
OTAQ looks to raise £3.6m through share issue
Marine technology business OTAQ is looking to raise up to £3.6m by issuing new shares. It has also announced plans to switch its share listing from the London Stock Exchange […] Continue Reading
Ice Fish Farm posts loss for Q2
Ice Fish Farm, the Icelandic salmon company, has reported a second quarter operating loss of NOK 86 million (£7.2m) following a write-down of biomass. This compares to a profit of […] Continue Reading