Market – August 18, 2020
SalMar buys salmon licenses worth €167m in auction
SalMar CEO Gusatav Witzøe. Photo: Hitra-Frøya.no
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.
