As customer Nordic Aqua Partners has landed financing, AKVA group’s €50 million China contract is secured

Aslak Berge

CEO Knut Nesse and AKVA group announced just before Christmas an agreement with the company Nordic Aqua Partners. The agreement, for the construction of a land-based salmon farm in China, was conditional on financing. Now it’s in place.

On Friday morning it was announced that Nordic Aqua Partners has raised EUR 55 million in a private placement. And, as a consequence, AKVA group has confirmed the construction contract in an Oslo Stock Exchange announcement.

Work starts in January 2021, just outside Shanghai. AKVA group’s EUR 50 million contract is for a first phase facility that will produce 4,000 tonnes of salmon annually.

AKVA group added that it will contribute EUR 3.1 million in equity.


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