SalMar Acquires 49% of Øylaks MTB AS, Achieving Full Ownership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Acquisition Deal: SalMar has agreed to acquire 49% of Øylaks MTB AS at a price of NOK 655.20 per share, resulting in full ownership of the company and strengthening its market position in Atlantic salmon production.
- Share Issuance: To finance this transaction, SalMar will issue 209,402 new shares, with the transaction price settled through these shares, which is expected to enhance the company's capital structure and market liquidity.
- Capital Structure Change: Following the share issuance, SalMar's share capital will increase to NOK 33,899,229.25, divided into 135,596,917 shares with a par value of NOK 0.25 each, reflecting the company's proactive approach to business expansion.
- Market Impact: SalMar's acquisition not only enhances its competitiveness in the Norwegian market but may also improve operational efficiency and profitability through resource integration and optimized production processes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
