Norwegian salmon farmer SalMar on Thursday purchased a majority stake in Romsdal, Norway-based salmon farmer Nekton Havbruk AS for NOK 80 million ($9.3 million/€7.8 million).

Following the transaction, which was accomplished through a private placement, SalMar now owns 51 percent of Nekton Havbruk. The remaining shares in the company are owned by Nistua3 AS and Nekton AS.

Nekton Havbruk currently has two farming licenses.