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
NTS shareholder revolt threatens to oust leadership
The NTS saga turned into a full blown power struggle last night, with the news that seafood entrepreneur Helge Gåsø faces the prospect of being thrown off the board of the powerful […] Continue Reading
Speculation over NTS grows following shareholder group bid
A bid by a shareholders’ group to win full control of the NTS integrated aquaculture group has sparked a flurry of speculation in the Norwegian media about the future shape […] Continue Reading
New salmon giant created
THE world’s sixth largest salmon farming company was created yesterday following the merger between Norway Royal Salmon (NRS) and SalmoNor. The two NTS controlled businesses formally signed an agreement worth […] Continue Reading
NRS shareholders fight shy of NTS offer
Aquaculture group NTS may be forced to raise its bid price if it wants to acquire Norway Royal Salmon. The latest reports suggest a lukewarm response from shareholders to the […] Continue Reading
Norway Royal Salmon urges shareholders to reject NTS takeover offer
The board of Norway Royal Salmon has called on shareholders to reject all current offers for the company. NRS said in a stock exchange statement: “In the board’s view, the […] Continue Reading
Norway Royal Salmon reports mixed Q3 results
SUBSTANTIALLY higher harvests helped Norway Royal Salmon lift its overall operating profit, or EBIT, during the third quarter of this year. Post tax profits, however, were well down. The company […] Continue Reading
Algae outbreak dents NRS profits
BIOLOGICAL issues such as the algae bloom outbreak last May have hit the second quarter profit and earnings of Norway Royal Salmon, figures show today. The company has reported an […] Continue Reading