SalMar-owned Icelandic Salmon began trading on the Oslo Stock Exchange's Merkur Market on Oct. 27, a follow up to a NOK 647 million (€59.5 million/$69.9 million) oversubscribed share issue aimed at unlocking the company's growth potential.
Icelandic Salmon intends to use the net proceeds from the new shares to fund growth and develop Icelandic Salmon's value chain within its existing license portfolio, including investment in the expansion of smolt capacity, upgrading its processing facility, farming equipment, new branding initiatives and building biomass.
