The purchase price for the shares is set to NOK 14 million (€1.8 million/$2.5 million). The company has around NOK 100 million (€12.7 million/$18 million) in net debt and leasing commitments.

SalMar Farming is acquiring the shares, while the activity in Villa Miljolaks will be reported as part of Rauma, a SalMar subsidiary.

Villa Miljolaks holds a total of three fish farming licenses.

The company has two licenses for the production of organic salmon -- awarded in the licensing round in 2009 -- and a research and development (R & D) license that runs until Dec.