Norwegian salmon farmers eyeing potential merger
Norway Royal Salmon (NRS) and Midt-Norsk Havbruk (MNH) are in merger talks, NRS has 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 said 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 percent of Fiskeldi Austfjarda in Iceland, which has a production capacity of 20,800 MT.