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
Nippon Gases to supply SalMar smolt plant
A new smolt facility and hatchery for salmon farmer SalMar will use oxygen and surplus heat from a nearby industrial gas production plant. Nippon Gases Norge has won a contract […] Continue Reading
SalMar presses ahead as NTS votes down board change
SalMar announced today it was pressing ahead with its bid to acquire the rival NTS aquaculture group. The salmon farming giant has formally started the process to acquire all the […] Continue Reading
NTS board heads for another clash
The SalMar – NTS takeover saga took a bizarre twist today after a financial deal to merge two businesses within the NTS group was thrown into question. Seafood group NTS […] Continue Reading
Power play
After the high drama around the NTS boardroom in recent weeks, no-one can say that fish farming is dull. It has been a tale with more twists and turns than […] Continue Reading