SalMar ASA commences cash offer to acquire the remaining shares in Arnarlax AS, the largest salmon farmer on Iceland

Photo: Arnarlax

Oslo Stock Exchange listed SalMar ASA launches a cash offer to acquire the remaining shares in Arnarlax AS, the largest salmon farmer on Iceland, following its acquisition of 3,268,670 shares in Arnarlax on 14 February 2019.

As a result of the transaction, SalMar increased its ownership from 41.95% to 54.23% in Arnarlax, and thereby triggered a mandatory offer clause in the shareholder's agreement for Arnarlax.

The offer price of NOK 55.783 per share in the cash offer valuates Arnarlax to approximately NOK 1.5 billion.

Aabø-Evensen & Co Advokatfirma acts as legal advisors to Arnarlax AS in connection with the offer.

To be redirected to the stock exchange notice published by Salmar ASA on 13 March 2019 click here.