BioMar owner Schouw & Co said Tuesday it is evaluating a possible separate listing for the Denmark-based feed group as a way to promote the company’s growth and offer investors a direct route into the expanding global aquaculture market.

A separate listing, should it take place, would happen no earlier than the second half of 2025 and Schouw & Co would retain its majority shareholding in BioMar, Schouw & Co said in a statement. It has engaged FIH Partners as its advisor in the evaluation process.