Norwegian salmon farmer SalMar put forward its mandatory bid for the remaining shares in fellow salmon company NTS on Tuesday, with a dramatically lower share price putting it 40 percent below its original offer.
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Norway tycoon Helge Gaso faces losing out as SalMar bid for remaining NTS shares falls 40% short of original offer
Helge Gaso, with his 46.5 million shares, will receive around NOK 3.5 billion for his shares if he accepts the offer. Back in February, the same shareholding was worth around NOK 5.6 billion.
23 November 2022 9:52 GMT
Updated
23 November 2022 13:57 GMT
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