Norwegian equipment and technology group Akva is selling its stake in Atlantis Subsea Farming (ASF) as the project has its development permit converted into an ordinary operating licence.
Akva owns a third of the shares in ASF and the estimated profit will be NOK 35 million (€3.6 million/$4 million) from the sale. As a part of the transaction Akva will become the owner of the technology that has been developed in ASF.
In 2018 ASF was assigned a development license from Norway's Directorate of Fisheries.
