Norway Royal Salmon (NRS) will be de-listed.
The two major salmon farmers are joining forces.
“The board of directors of SalMar has today resolved to carry out the merger and lodged the filing for completion of the merger with the Norwegian Registry of Business Enterprises. It is expected that the merger will be completed after close of trading on Oslo Stock Exchange today. Consequently, it is expected that the last day of trading in the NRS shares will be today,” SalMar and NRS writes in a statement.
The merger contemplates that SalMar will absorb all assets, rights and obligations of NRS and that NRS is dissolved.
Shareholders of NRS will receive merger consideration consisting of 0.303933 shares in SalMar and NOK 52.84 in cash for each share in NRS they own as at the expiry of the merger effective date.