The Norwegian Competition Authority has given the green light to SalMar's proposed acquisition of all of the shares in Norwegian salmon farmer NTS and, thereby, also its proposed merger with Norway Royal Salmon (NRS).

However, while the Norwegian approval has been granted, the deal still remains subject to further approvals from competition authorities, including the European Commission.

SalMar said completion of its offer for NTS remains subject to other conditions, and the merger also remains subject to the conditions set out in a broader merger plan.