SALMAR ACQUIRES 51 PERCENT OWNERSHIP IN NEKTON HAVBRUK AS

SalMar acquires 51 percent ownership in Nekton Havbruk AS. SalMar has participated in a private placement decided by the general meeting of Nekton Havbruk AS against SalMar Farming AS. Following the transaction, SalMar Farming AS will own 51 percent of the shares in Nekton Havbruk AS. The remaining shares in the company will be owned by Nistuå3 AS og Nekton AS. Nekton Havbruk AS currently has two licenses for production of Atlantic salmon. A time limited viewing license and a green C license. The purchase price for the shares aqcuired through the private placement is NOK 80 million.

The transaction gives SalMar further sustainable growth in the immediate vicinity of existing fish farming areas around Smøla in central Norway. The private placement will be a good industrial solution that ensures significant synergies and further development of existing activity and operational competence.

About SalMar

• One of the world’s largest and most efficient producers of farmed salmon.
• Farming activity along the coast of Norway from Møre og Romsdal in the south to Troms og Finnmark in the north
  • Central Norway (PO 5-7): License capacity 64,038 MAB tons
  • Northern Norway (PO10-13): License capacity 37,471 MAB tons
• Significant harvesting and processing activity locally in Norway
  • InnovaMar, our main facility is co-located with the main office on Frøya in Trøndelag
  • InnovaNor, on Senja in Northern Norway in operation from summer 2021
  • Vikenco, at Aukra in Møre og Romsdal
• Owns 51% Icelandic Salmon AS, which owns 100% of Arnarlax Ehf.
  • Icelands largest salmon farmer, located in the Westfjords of Iceland
• Owns 50% of Norskott Havbruk AS, which owns 100% of Scottish Sea Farms Ltd
  • Great Britain’s second-largest salmon farmer
  • Production of Atlantic salmon in Scotland, Shetland and Orkney Islands

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About Nekton Havbruk AS

Nekton Havbruk AS is a whollyowned subsidiary of Smølen Handelskompani AS. The company’s focus is on research and development, and it strives to remain at the forefront of the industry when it comes to the development of new technologies. From 2001 – 2006, Nekton Havbruk AS’s activities were focused on the aquafarming of cod.

In 2011, the company received an R&D concession for the development of floating, closed-containment aquaculture facilities for the production of large post-smolt (200-800 grams smolt). The primary collaborator on this project is NOFIMA AS (Sunndalsøra department).

In 2012, a product development project aimed at developing contained aquaculture facilities made of canvas received a grant from Regional Research Funds in Noway (Central Norway region). The collaborators on this project are SINTEF Fiskeri og havbruk AS, NOFIMA, the Freshwater Institute, NTNU, Botngaard AS, Osland Havbruk, ITT Flygt, Aqualine, Aquastructures, and the US Naval Academy.

In 2015, the company received a public viewing concession for the farming of fish for human consumption, in accordance with which it collaborates with Pure Farming AS on the production of fish for human consumption.

Photo credit: Nekton Havbruk AS

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