Posts Tagged ‘Oslo Stock Exchange’
Gåsø moves back into salmon with large Måsøval stake
Helge Gåsø, founder and former head of the NTS Group fish farming company, is back in the salmon business – and in a big way. His investment company, Frøy Kapital, has purchased thousands of shares in Måsøval, a significant salmon farmer in central Norway. Måsøval also has interests in Iceland. An announcement on the Oslo…
Read MoreBenchmark hatches plan for possible sale
The fish health and genetics business Benchmark may be sold as a whole or in part, the group’s board has said. Benchmark has its headquarters in the UK, but its operations are worldwide with a strong emphasis on Norway and other major fish farming countries. The board of Benchmark Holdings, the group’s parent company, said…
Read MoreHong Kong buys into a rejuvenated Atlantic Sapphire
TWO significant developments have been announced overnight around the Florida land based salmon company Atlantic Sapphire. The company has announced on the Oslo Stock Exchange that its water temperature problems are now back under control. It has also been revealed that the Hong Kong based venture capital fund VLTCM has bought a ten per cent…
Read MoreNorsk Sjømat puts listing on hold
Norsk Sjømat is postponing plans to list on the Oslo Stock Exchange, blaming increasing turbulence in the financial market. The company said the uncertainty was particularly acute in the seafood sector at the moment. The surprise announcement comes just three weeks after salmon farmer Norsk Sjømat and conventional fishing company Nergård announced they were joining…
Read MoreNorwegian farmers taking salmon price hit
NORWEGIAN fish farmers are facing a marked decline in the price of fresh salmon this week for the first time since the Covid-19 crisis hit more than six weeks ago. Figures from Statistics Norway show that the kilo price of fresh or chilled salmon fell by seven per cent to NOK 67.74 over the past few days, while exports declined…
Read MoreMass mortality at Atlantic Sapphire’s Danish pilot
SOME 227,000 salmon have died at the Danish site of land based farming pioneer Atlantic Sapphire. The company lost the fish at its commercial pilot facility over the weekend, according to a statement posted on the Oslo Stock Exchange. ‘Preliminary analysis, subject to further verification over the next days, indicates higher nitrogen levels than desired…
Read MoreIceland salmon farmers grappling with storms
SEVERE weather conditions have been preventing at least one of Iceland’s main salmon companies from carrying out harvesting activities. According to Morgunbladid, Iceland’s main newspaper, the slaughter of fish at Arnarlax’s farms in Hringdal in Arnarfjordur has virtually come to a standstill over the past few weeks, with the result that salmon have been accumulating in the cages,…
Read MoreAKVA group reports ‘significant’ losses for Q4
AQUACULTURE equipment supplier AKVA said that its Q4 losses would be ‘significant’, at below minus NOK 100 million (£8.3 million). Updating the notice it issued to the Oslo stock exchange in January, when it said the preliminary EBIT for Q4 would be in the range of minus NOK 25 to 30 million, the company revealed…
Read MoreOslo to face legal action over new salmon map
THE Norwegian government is expected to face legal challenges to its new salmon farming traffic light scheme from companies caught up in the red zones, it has emerged. Up to 140 businesses in the two red areas will be forced to cut back on production by up to six per cent or around 9,000 tonnes. Oslo has said it…
Read MoreSalmon prices drop in coronavirus slump
SALMON prices fell back sharply in Norway at the weekend with the coronavirus outbreak in China largely to blame. China is a major and expanding market for Norwegian frozen salmon but with the city of Wuhan, population 11 million, where the virus first hit, in virtual lockdown and travel severely restricted in many other cities and…
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