Posts Tagged ‘Oslo Stock Exchange’
Norway aquaculture tax plans ‘destructive’
THE head of Seafood Norway has described the new tax plans for the country’s fish farming industry as potentially destructive. Geir Ove Ystmark, CEO of the organisation which represents most aquaculture and fishing companies (not be confused with the Norwegian Seafood Council), said the proposal for a 40 per cent tax on profits was ‘far…
Read MoreBakkafrost buys Scottish Salmon Company
THE Faroese salmon farmer Bakkafrost has bought a majority share in the Scottish Salmon Company (SSC), it was announced this afternoon. Bakkafrost acquired 68.6 per cent of SSC from Northern Link, ending much speculation in the industry after the company was put up for sale in July. Listed on the Olso Stock Exchange seafood index,…
Read MoreGrieg catching up with big players
GRIEG Seafood is no longer swimming in the shadow of the big salmon farming players on financial markets, a leading industry observer has suggested. Tore Tønseth, a seafood analyst at the investment organisation Spare-Bank 1 Markets, said that so far this year the value of the company’s shares on the Oslo Stock Exchange had risen…
Read MoreEU raids cost salmon firms millions
ALMOST seven billion kroner (about £625 million) has been wiped off the value of a number of Norwegian salmon farming companies following a series of inspections by EU officials in Scotland and the Netherland last week. The Seafood Index on the Oslo Stock Exchange has taken a huge hit during the last few days, with…
Read MoreSalMar to accelerate Iceland expansion
SALMAR has announced it is to speed up the development of its Icelandic salmon business Arnarlax after it completed securing a majority stake in the company today. The Norwegian salmon farmer has informed the Oslo Stock Exchange that it has proceeded with its plan to purchase 3,268,670 shares in Arnlarlax at a price of NOK…
Read MoreFish Update Briefing, Friday, January 25
SEAFOOD BOOM PROMPTS OSLO BID NORWAY’S strength in seafood and energy has partly prompted a $729 million bid for the Oslo Stock Exchange by Euronext, which already runs stock exchanges in a number of other European cities, including Paris, Brussels and Amsterdam. Oslo also has its own dedicated seafood index, which includes most of the…
Read MoreSeafood index soars on high salmon prices
THE prospect of high salmon prices for the next 12 months almost sent the Seafood Index on the Oslo Stock Exchange (Børs) into orbit earlier this week. Launched only two and a half years ago, the index includes most of the big Norwegian salmon farming companies. It hit a new high on Monday, signalling a…
Read MoreTop salmon companies attack tax plan
TWO of Norway’s leading salmon farming companies have joined the growing chorus condemning government plans for a new tax on the seafood sector. Following publication of its recent first quarter results, Lerøy Seafood said the reports were leading to increased uncertainty. And Alf-Helge Aarskog, CEO of Marine Harvest, told the business news website E24.no that any proposal that led…
Read MoreGo ahead for joint offshore farm
TWO of Norway\’s leading salmon farming companies have been given the go ahead to expand their activities in the northern area of the country. The Directorate of Fisheries has granted a number of offshore development permits to Norway Royal Salmon and Aker, which are collaborating on a joint project in the Troms area of Finnmark. The development, which…
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