Shares in salmon farmer jump after it considers “strategic alternatives”

Aslak Berge

In an otherwise falling Oslo Stock Exchange, The Scottish Salmon Company (SSC) leaps ahead.

The share price rose by 7.3 per cent on Thursday – miles ahead than its competitors so far this year.

Today’s stock jump follows after SSC Monday announced having engaged Daiwa Corporate Advisory Limited as financial advisor to assist in reviewing the various strategic options available to the company to maximize the value of its shareholders.

Illustration: Infront

These strategic options include, but are not limited to: (i) a potential capital repayment to the shareholders, (ii) leverage the capital markets to facilitate the company’s non-organic production growth strategy, and / or (iii) seek a strategic partner for to accelerate sales expansion to Asia and other markets.

The company does not expect to disclose the development of strategic options under consideration until the process is completed or terminated, or if disclosure is required to comply with applicable laws and regulations, it is disclosed.


Related Articles