SalMar secures control of NTS
Salmon farming group SalMar has at last taken control of its competitor NTS, after securing a majority stake. SalMar now owns 66,228,641 shares or 52.7% of the NTS equity. Its […] Continue Reading
Høstlund back as NRS CEO, for now
Charles Høstlund has returned as Chief Executive Officer at Norway Royal Salmon – but only on an interim basis. Høstlund, who was CEO of NRS from 2014 till September 2021, […] Continue Reading
SalMar closes in on NTS prize
Reports from Norway suggest that the obstacles in SalMar’s bid to take control of the rival aquaculture business NTS, were finally cleared yesterday. It follows an extraordinary general meeting of […] Continue Reading
NRS to sue parent for breach of contract
Norway Royal Salmon (NRS) announced at the weekend that it plans to sue its parent, NTS, for breach of contract. The move is seen as another extraordinary development in an […] Continue Reading
NTS blocks NRS-SalmoNor merger move
The NTS aquaculture group has moved to prevent a controversial merger between its two subsidiaries, Norway Royal Salmon (NRS) and SalmoNor. Last week NRS said it had raised NOK 1.9bn […] Continue Reading
Norway Royal Salmon raises £164.5m for SalmoNor merger
Norway Royal Salmon has raised NOK 1.9 billion (£164.5m) which the board plans to use towards financing the purchase of SalmoNor. Both are part of the NTS aquaculture group but […] Continue Reading
SalMar extends takeover decision deadline
Salmon producer SalMar last night extended the shareholder acceptance period for its bid for the NTS aquaculture group. No reason was given. The NOK 15bn (£1.3bn) offer was due to […] Continue Reading
Call to put NRS-SalmoNor merger on hold
The NTS board has called for the postponement of the proposed merger between two of its subsidiaries, Norway Royal Salmon and SalmoNor. It is also calling for an investigation into […] Continue Reading
NTS board tells shareholders: ‘accept SalMar offer’
The board of the NTS integrated aquaculture group has unanimously recommended that its shareholders should accept the takeover offer on the table from SalMar. Unless someone comes back in with […] Continue Reading