Another land-based salmon farming company is seeking funds on the capital markets with a move to the Olso Stock Exchange's alternative Merkur Market.

Andfjord Salmon, which currently trades on the private NOTC market, announced Wednesday it hopes to raise NOK 120 million (€11.3 million/$12.9 million) from the listing on the Merkur Market, a less regulated public exchange typically used by smaller companies.

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Andfjord engaged ABG Sundal Collier to help with the listing.