Posts Tagged ‘Mowi’
Mowi raises millions in green bonds issue
Salmon giant Mowi has successfully raised around £255m (€298m/NOK 3.5bn) in green bonds. Mowi said green bond finance will be used for sustainable and environmentally friendly projects as defined by Mowi’s Green and Sustainability-Linked Financing Framework. It added: “The entire issue amount and coupons will be swapped into floating EUR. The transaction was well oversubscribed.”…
Read MoreBreaking news: Mowi loses first round in tax case
Mowi has lost the first round of a court battle against Norway’s “salmon tax”. A court in Hordaland, Norway has rejected the company’s lawsuit against the tax, also known as the ground rent or resource rent tax. The company said it will study the decision before deciding its next step. Mowi has a month in…
Read MoreMowi ready for a further green bond issue
Salmon farming giant Mowi is set to raise additional finance through issuing more green bonds, the company announced yesterday. In a stock exchange announcement, Mowi said that it has mandated Danske Bank (Green Bond Advisor), DNB Markets, Nordea and SEB as Global Coordinators and Joint Lead Managers, and ABN AMRO, Crédit Agricole Corporate and Investment…
Read MoreArctic Fish escape investigation reopened after appeal
The Icelandic salmon farmer Arctic Fish is likely to face an investigation into its operations in the Westfjords after all. A decision by the police to drop an inquiry into the accidental release of salmon last year has now been overturned by the Office of Public Prosecutions . The Mowi-owned company experienced the accidental release…
Read MoreMowi Scotland Q1 30% higher, but global output down
Mowi Scotland produced an encouragingly higher harvest during the first three months of this year, a trading update today shows. The output between January and March from the division, which has suffered from biological and other issues in the past, totalled 14,500 tonnes against 11,000 tonnes a year earlier – a rise of 3,500 tonnes…
Read MoreMaking sure every fish counts behind new partnership move
The aquaculture technology specialist company Ace Aquatec is leading a new partnership to improve salmon farming’s circular economy. Pictured: Ace Aquatec Head of Sales Ben Perry and Senior Field Services Manager Ian Lawson with the A-HCS®. The move involves collaboration between Ace Aquatec and start-up Tiny Fish and is advancing Scottish salmon’s circular economy by…
Read MoreMowi in staunch defence of salmon
MOWI has come out fighting against industry detractors with a news statement describing salmon as a nutritional powerhouse. The company says on its website : “We are all aware of the numerous health advantages linked with salmon consumption, but how beneficial is it for you? “Nutrient-dense foods such as salmon play an important role in…
Read MoreMowi court battle over salmon tax gets underway
Mowi’s attempt to get Norway’s new salmon tax declared unlawful has finally reached the courts. According to the newspaper/news site Bergens Tidende the company met government officials at the Hordaland district court near Bergen yesterday. Mowi’s Chief Executive Ivan Vindheim, who is the probably the industry’s strongest opponent of the tax, was there for the start…
Read MoreFormer Mowi CEO set to join Bakkafrost board
Former Mowi CEO Alf-Helge Aarskog looks set to join the board of Faroes salmon producer Bakkafrost. The notice for Bakkafrost’s annual general meeting, which is due to take place on 30 April, includes his name on the list of directors submitted for election. Apart from Aarskog, all the others are existing board members up for…
Read MoreIndustry chiefs attack new traffic light plan
Salmon industry opposition is growing to the Norwegian government’s revision of the “traffic light system” which sets rules for where aquaculture development is permitted. The chief executives of both Mowi and Leroy Seafoods, Ivan Vindheim and Henning Beltestad respectively, have publicly come out against the proposals. They have said the new plan will do nothing…
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