Norway Royal Salmon (NRS): Enters into a Share Purchase Agreement to divest its 36.1 % stake in Måsøval Fishfarm AS
Norway Royal Salmon is pleased to announce an agreement to sell its 36.1 % stake in the associated company Måsøval Fishfarm AS to Måsøval Fiskeoppdrett AS, which previously owned the other shares. Estimated consideration for the shares is MNOK 143. In addition, NRS will receive MNOK 30 in dividends for 2020.
Completion of the transaction is based on the balance sheet as of 31 March 2021 and that the terms of sale in the share purchase agreement are met.
For more information, please contact:
CEO Charles Høstlund, +47 994 18 449
CFO Ola Loe, +47 911 79 411
About Norway Royal Salmon:
The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 11 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming on Iceland through the company Arctic Fish. In addition, the group has minority interest in two associated Norwegian fish farming companies which together own 9 fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.
This information is subject to the disclose requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act