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
Grieg and SalMar report improved Q1 harvests
Two leading Norwegian salmon farmers, Grieg Seafood and SalMar, have announced higher harvests for the first quarter of this year. In a preliminary update, Grieg Seafood says output between January […] 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
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