Jon Martin Atkinson
Phone: +47 23 89 40 00
Mobile: +47 404 50 516
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NTS ASA has today submitted a bid for all shares in Norway Royal Salmon (NRS). With a price of NOK 209 per share, the bid ends at NOK 9.4 billion, almost two billion more than the marked value before the bid was submitted. Arntzen de Besche has been legal advisor in this bid which is the latest in a number of large and complex transactions where they have assisted NTS ASA, most recently by merger with Salmonor AS, announced on 2 June 2021, with a value of approximately NOK 3 billion.
Odd Reidar Øie, Chairman of the Board of NTS ASA, stated the following in a press release:
- We have had a stated goal of being an active participant in the production of 100,000 tonnes of salmon in Norway over a three- to five-year period. Rather than divest from NRS, we are now seeking to increase our exposure to Norwegian aquaculture, in a company well positioned for further growth.
NTS is an aquaculture group that has engaged in well boat activities, and has expanded into the aquaculture industry. They now aim to slaughter a total of 52 000 salmon this year, of which 40 000 tonnes come from Norway.
NRS also has a 50.3 per cent ownership interest in Arctic Fish, which does salmon farming in Iceland.
Arntzen de Besche has been legal advisor to NTS, and the core team consisted of Jon Martin Atkinson, Steffen G. Rogstad, Marianne Lind Sahl, Gro Elin Sønderland, Vidar Løhre and Martin Gunness.