Industry – July 8, 2026
Breaking: SalMar agrees €300 million deal to acquire 70% stake in Måsøval
SalMar has agreed to acquire a 70 percent stake in fellow Norwegian salmon farmer Måsøval in a transaction valued at approximately NOK 3.4 billion (€303 million).
The agreement will see SalMar purchase 85,727,553 shares from Heimstø AS at NOK 39.50 (€3.52) per share, giving it around 70 percent of Måsøval's share capital. The deal values the entire company at approximately NOK 4.84 billion (€431 million).
The consideration comprises 733,906 SalMar shares, representing 10 percent of the purchase price, with the remaining 90 percent to be paid in cash. The SalMar shares have been valued at NOK 461.40 (€41.05) each, based on the company's closing share price on Euronext Oslo Børs on 6 July.
The acquisition is subject to customary closing conditions, including regulatory approvals.
SalMar said the transaction would strengthen its position in Central Norway, describing the region as one of the world's premier aquaculture areas. It said the combination would improve the utilisation of infrastructure, expertise and biological resources, strengthen innovation and support long-term value creation.
"We believe this represents an exciting industrial opportunity that will strengthen SalMar's position in Central Norway, one of our most important core regions for aquaculture," chief executive Frode Arntsen said in a press release on Wednesday.
"Måsøval is a historically well-established and well-managed company with strong roots in the region, and its operations are a good fit with SalMar's existing activities. The companies share common roots on Frøya, and we see significant potential for further development."
As part of the agreement, Heimstø has been granted the right, exercisable for 12 months after completion, to sell the SalMar shares it receives back to SalMar at NOK 461.40 (€41.05) per share.
Following completion, SalMar said it would ensure minority shareholders have the opportunity to sell their Måsøval shares at NOK 39.50 (€3.52) per share.
The company said it would provide further information on the transaction and its implications when it reports second-quarter results on 25 August.
