Leroy and SalMar acquire significant stakes in Villa Organic
Salmon processing facilities at Villa Organic. (Photo Credit: Villa Organic)
Leroy Seafood Group has purchased 39.74 per cent of shares in the Norwegian salmon producer Villa Organic for NOK 161 million (USD 28 million). The announcement was made a few days after SalMar increased its stake in Villa Organic through the acquisition 27.85 per cent for NOK 100 million (USD 17 million) and then 13.45 per cent of the shares for NOK 47.8 million (USD 8.1 million), and, thus, will control 49.72 per cent of the company's shares.