Norwegian equity fund DnB SMB has sold off most of the shares it owned in land-based salmon producer Atlantic Sapphire following last month's announcement the company is in breach of minimum liquidity requirements linked to loans on its farm operations near Miami, Florida, according to Tekinvestor, a service that provides research to investors.
News of the breach came as the company reported lower revenue for the first half of 2023 caused by weaker-than-expected production because of water temperature issues at the farm.
