Scottish Salmon Company considering sale offers
The Scottish Salmon Company (SSC) has confirmed that it is considering offers for the purchase of all or part of the company. These potential purchase offers are part of an ongoing strategic review announced in April.
A statement issued by SSC’s parent company, the Scottish Salmon Company PLC, said the review was progressing in line with expectations.
“Among the options being considered within the framework of the review are several formal, non-binding expressions of interest to purchase part or all of the company that have been received by the company via its financial advisor Daiwa Corporate Advisory Limited,” the company said. “As part of this process, the company will allow selected parties access to non-public information. No assurance can be given that any specific outcome will be proposed or completed as a result of this process.”
The Scottish Salmon Company added that while it is envisaged that the review will be concluded by September 2019, it does not expect to disclose further information on the development of the review until the process has been completed or terminated, or if a disclosure is required in order to comply with applicable laws and regulations.
In 2018, SSC’s revenues reached GBP 180.1 million (USD 225.7 million, EUR 201 million). Export volumes accounted for more than 60 percent of sales with strong growth in North American and Far East markets.