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Following the deal, SalMar may now have to raise new equity or sell shares to the tune of NOK 5 billion-NOK 8 billion (€500 million-€800 million/$500 million-$800 million) to reduce its debt, Sparebank 1 Markets analyst Knut-Ivar Bakken told IntraFish. Photo: Skjermdump

Salmar may need to raise up to $800 million after NTS deal

Salmar may have to sell shares or raise equity to lower its debt level following the NTS acquisition, according to an analyst.

1 November 2022 11:31 GMT Updated 1 November 2022 12:35 GMT

By Anders Furuset

On Monday evening, the European Commission finally agreed to Norwegian salmon farming giant SalMar's acquisition of a controlling stake in NTS, paving the way for the creation of the world's second-largest salmon farming company.

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Salmar may need to raise up to $800 million after NTS deal