Atlantic Sapphire founders sell 8.7 million shares for $747,000

Editorial Staff

The announcement did not disclose the buyers of the shares.

Land-based salmon farmer Atlantic Sapphire has announced the sale of nearly 8.7 million shares by holding companies Alsco AS and JEA Invest AS. The transaction occurred on July 5, 2024.

Alsco AS and JEA Invest AS, where CEO Johan Andreassen and co-founder Bjørn-Vegard Løvik hold their shares in the company, have divested their holdings in the Florida-based land salmon farming company. The sale was made at a price of NOK 7.55, resulting in a total settlement of just under NOK 7.9 million ($747,000).

Andreassen co-founded Atlantic Sapphire with Løvik, who is chairman of Alsco AS. The other directors of Alsco AS include Johan Andreassen, Arne Inge Andreassen, and Earl Leidulf Løvik.

JEA Invest, 89.6% owned by Andreassen, also owns 36.5% of Alsco AS, which held 8.4 million shares in Atlantic Sapphire as of December 31 last year, representing 1.05% of the company’s equity.


Related Articles