Måsøval to explore ‘strategic partnership’ for Ice Fish Farm

Måsøval Eiendom has today announced that it has engaged investment bank ABG Sundal Collier to explore the potential for establishing a partnership in relation to its shareholding in Ice Fish Farm.

This initiative comes on the back of Måsøval Eiendom receiving incoming interest from ‘several high-quality parties’ to form partnerships or similar structures.

Commenting on the planned initiative, Lars Måsøval, Chairman and CEO in Måsøval Eiendom, stated:

“Ice Fish Farm is the largest salmon farmer in Iceland in terms of license capacity, and is the only salmon farmer on the East coast, representing several hundreds of kilometres of coastline. The company has licenses and applications, and additional capacity within its fjords, to become a significant player in the global salmon farming industry, and be much larger than Måsøval’s Norwegian farming operations.”

“Furthermore, the company has just started this growth journey, and will be stocking about six million smolts this year. Hence, we believe it is the right timing for Måsøval Eiendom to explore the possibilities of bringing in a strong partner, alongside ourselves, to
support the upcoming growth phase of Ice Fish Farm”.

Any establishment of a partnership will not change the fundamental objective of Måsøval Eiendom, which is to continue as a long-term shareholder of Ice Fish Farm.

The initiated partnership process is expected to be concluded no later than during the first half of 2023.

Måsøval Eiendom is fully controlled by members of the Måsøval family, who has been a pioneer within salmon farming since starting in the 1970s with salmon farming operations on the coast of Central Norway. Måsøval Eiendom is today the majority owner of two listed salmon farmers, Måsøval and Ice Fish Farm.


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