Aquaculture service company Froy is aiming to grow organically, but is not ruling out "opportunistic acquisitions," CFO Arne Rodsjo said during a presentation Monday.
The company is currently raising NOK 1 billion (€99 million/$118 million) in a private placement closing this week with the aim of listing on the Oslo Stock Exchange later this month.
Froy, which installs and maintains salmon farming sites and provides biological treatments and transportation of live fish, was formed as a result of the merger between Froy Gruppen and one of integrated aquaculture group NTS's subsidiaries last April.
