Salmon Evolution sells shares to fund expansion

OU-Q3

Salmon Evolution has raised more than €32 million to fund the second phase of an expansion of its land-based facility at Indre Harøy

The company had originally aimed to raised NOK 350 million (€30.81 million) through the sale of shares in a private placement brokered by Arctic Securities, DNB Markets and Nordea Bank.

In a statement Salmon Evolution said it sold 48,666,666 new shares at a price of NOK 7.50 (€0.66) per share.

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