Mowi increases ownership of Nova Sea to 95%

Nova Sea

Already holding a 49% stake of the salmon farming company, Mowi will now acquire Vigner Olaisen’s 46% for NOK 7.4 billion

Mowi ASA has entered into an agreement with Vigner Olaisen AS to acquire its controlling stake in Nova Sea AS. It will pay NOK 7.4 billion for Vigner Olaisen’s 46% stake in Nova Sea through 30% settlement in Mowi shares and 70% in cash.

Nova Sea is a leading salmon farmer in production area 8 in Northern Norway and covers the entire value chain from broodstock and smolt production to harvesting and sales. The company expects to harvest 52,000 tonnes of salmon in 2025.

The transaction values 100% of the equity in Nova Sea at NOK 16 billion.

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