Norway Royal Salmon ASA (NRS): Initiation of strategic dialogue with NTS ASA regarding potential combination with SalmoNor

Report this content

NTS ASA (“NTS”), the majority owner of NRS, has notified NRS that its Board has resolved to initiate a strategic dialogue between NTS and NRS in relation to a potential combination of NRS and SalmoNor (“Salmonor”), cf the notice published on ticker NTS concurrently with this notice.

SalmoNor is the result of the to be completed merger between Midt-Norsk Havbruk AS and SalmoNor AS, two companies which are 100% owned by NTS. SalmoNor is a well-driven, fully integrated salmon farmer with its own production of smolt as well as majority ownership (74 %) in harvesting, and is located in an attractive production area in Trøndelag with solid operational and financial track record.  SalmoNor had good operational performance during first half of 2021 and estimates a total harvest volume in 2021 of approx. 37,000 tonnes head-on-gutted weight (“HOG”).

NTS and NRS see significant synergy potential in combining the two companies creating a fully integrated, large-scale salmon farmer with an attractive license portfolio in top-performing regions. Combined, NRS and SalmoNor will have a harvest potential of approx. 100.000 HOG in Norway and expected 24,000 tonnes HOG in Iceland through Arctic Fish. Management in both companies see clear strategic rationale and value creation potential in combining SalmoNor’s operational best practices with NRS’ growth opportunities.

NRS and NTS expect more details around a potential transaction structure and timing to be announced in due course.

This information is considered inside information and has been submitted pursuant to the Market Abuse Directive (MAR). The notification is submitted on behalf of Norway Royal Salmon ASA by Bjørn Kleven, Group accounting manager, at 14.00 CET, 30 September 2021.

For more information, please contact:

Interim CEO Klaus Hatlebrekke, +47 975 16 757

CFO Ola Loe, +47 911 79 411

About NRS:

The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5 300 MAB for trout farming in 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

This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.