The relevant boards have given the green light for Norwegian whitefish group Vesteralen Havbruk to acquire cod farmer 'Statt Torsk and merge it with its subsidiary Vesteralen Havbruk Statt.

The merger will be carried out by the company transferring all its assets, rights and obligations to Vesteralen Havbruk Statt, with the shareholders of Statt Torsk receiving shares in Vesteralen Havbruk in return.

The exchange ratio in the merger puts the equity value of Statt Torsk of NOK 255 million (€21.7