Sal Mar Buys More Shares in Villa Organic

Sal Mar has acquired a further 0.7 per cent of the shares in Villa Organic, bringing its share of the company to 50.42 per cent.

SalMar has agreed to exercise an option to acquire a further 0.7 per cent of the shares in Villa Organic AS for a total consideration of NOK 2.5 million.

Following this transaction SalMar ASA will control 50.42 per cent of the company's shares. The acquisition of the remaining shares is being undertaken to maximise potential synergies and value creation in the company and for the shareholders.

Completion of the transaction is subject to the approval of the Norwegian competition authorities. Villa Organic AS becomes, from today's date, a subsidiary of the SalMar Group. The business will report as a separate segment with effect from the second quarter 2013.

Villa Organic AS is a fully integrated aquaculture enterprise, with operations along the entire value chain. Its fish farming activities are located in Finnmark. The group has a total of 16 licences for the production of farmed salmon, and expects to harvest 13,000 tonnes in 2013.

to read the full story, please visit  The Fish Site.

Associated companies:


Related news

Latest news

UiB and CMR in high-tech collaboration

Students from UiB last month joined an experiment with an ultra-high-speed camera. This was a part of the troubleshooting of the Field Kelvin Probe currently under development.

Hatteland Display at International Workboat Show 2016

Hatteland Display are highlighting its diverse portfolio of maritime displays and panel computers on its booth (#1658) at the International Workboat Show 2016 (IWBS 2016) this week.

Servogear Announces Upcoming Events

Servogear announces a busy end of November, beginning of December. They will be participating at important international exhibitions.

Teamtec and ANDRITZ Cooperation

ANDRITZ and TeamTec have signed a cooperation agreement for worldwide marketing of the SeaSOx exhaust gas cleaning system for the maritime industry. 

Export Credit Norway looking for Norway's Best Exporter

Export Credit Norway  has now opened the nomination process for the 2017 Export Award, searching the Norwegian exporter of the year. 

Global Economic Outlook

7 December, Oslo Chamber of Commerce invites to a session with insightful updates on the Norwegian and international economy.

Rebuilding for Hydrogen

M/Y “Che Guevara”, previously owned by Gaddafi, will be converted to run on hydrogen. Greenstat will lead the project and are seeking partners.

Scana training at Servogear

In week 43-45 Servogear  had the pleasure of having Mr. Sun Xiaojia and Mr. Tzuu Kin Tan from Scana staying in the Servogear hometown of Rubbestadneset.

Quality and Customer Satisfaction

Cost efficiency is important. But we can’t rely on cost-cutting alone. At Beerenberg we have asked ourselves the following question: What does it take for the market to continue to choose providers such as Beerenberg in th...