Austevoll Seafood's share price on the Oslo Stock Exchange has been rising -- and Henning Lund, analyst at Pareto Securities believes it must be in connection with Pacific Andes' announcement it signed a non-binding agreement with two potential buyers to sell off its Peruvian operations.

The indicative company value for a potential sale of the business, which is comparable with Austevoll-owned Austral, is $1.7 billion (€1.6 billion).

ABG Sundal Collier wrote in a Monday update the $1.7 billion bid prices 1 percent of the Peruvian anchovy fishery at $100 million (€92.7