Bli medlem
Bli medlem

Du är här

2016-03-04

Norway Royal Salmon ASA: NRS acquires remaining outstanding shares in Nord Senja Laks AS for a cash consideration of NOK 70 million

Norway Royal Salmon ASA ("NRS") has today entered into an agreement with
Botnhamn Fisk AS to acquire 135 shares in Nord Senja Laks AS ("NSL"),
corresponding to 33.3 % of the outstanding shares in NSL for a cash
consideration of NOK 70 million (the "Transaction"). Following the
Transaction, NRS will own 100 % of the shares in NSL.

NSL owns five farming licenses and is part of NRS Region North located on
Senja in Troms. The total harvest volume for NSL in 2015 was 4,415 tonnes.
The Transaction indirectly corresponds to an acquisition of 1.67 farming
licenses including biomass and fixed assets. This yields an enterprise value
per license of approximately NOK 51 million.

The rationale behind the Transaction is to consolidate NRS's farming
operations in Northern Norway to increase production efficiency going
forward. The Transaction fortifies NRS's position in Troms, an important
future growth area for the fish farming industry.

The Transaction, including transfer of assets, is expected to close on 10
March 2016.

For further information, please contact:

Charles Høstlund
CEO
+47 994 18 449

Ola Loe
CFO
+47 911 79 411

About Norway Royal Salmon ASA:

Norway Royal Salmon ASA (NRS) is the majority shareholder in four fish farming companies, which own a combined total of 35 production licenses, and is a minority shareholder in three fish farming companies (associates) which together own ten production licenses. NRS is an attractively positioned fish farming group, which through an extensive network of collaborating enterprises and in-house production units, offers salmon to the market through its own sales organisation. For further details, please visit www.norwayroyalsalmon.com.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norway Royal Salmon ASA via Globenewswire

HUG#1991788

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.