Norway Royal Salmon (NRS) and Midt-Norsk Havbruk (MNH) are in merger talks, NRS confirmed to the Oslo Stock Exchange (Oslo Børs).
“Discussions are taking place, but the outcome of these is currently unclear. Any additional information will be published at an appropriate time,” the Trondheim-headquartered group announced in a brief statement.
NRS owns a maximum allowed biomass of 36,085 metric tons (MT) in Troms and Finnmark. It also has minority interest in three associated Norwegian fish farming companies, which together own 11 fish farming licenses, as well as Arctic Fish in Iceland, which has licenses for 11,800 MT.
Rørvik-based MNH has 10 salmon farming licenses and its own processing plant. It has been owned by aquaculture services group NTS ASA since 2017.
NTS became the largest single shareholder in NRS in the first-quarter of this year when it merged with the Froy Group. It also owns more than 62% of Fiskeldi Austfjarda in Iceland, which has a production capacity of 20,800 MT.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI