SalMar buys salmon licenses worth €167m in auction

SalMar CEO Gustav Witzøe goes for bold expansion plan.

The Norwegian Ministry of Trade, Industry and Fisheries’ auction of new aquaculture licences closed today.

At the auction, SalMar bought a total capacity of 8,057 tonnes MAB (maximum allowed biomass) for a total of NOK 1,760 million (EUR 167 million), according to an announcement from the listed fish farmer.

4,263 tonnes of the acquired capacity is in production area 6-7, with a total consideration of NOK 1,002 million (EUR 95.1 million). The remaining volume, 3,794 tonnes, is distributed between the production areas 11 to 13, with a total consideration of NOK 758 million (EUR 72 million).

Further information will given at the Q2 2020 quarterly presentation 27 August.

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