Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


NTS merges with Frøy Group and becomes Norway Royal Salmon's largest shareholder

Click on the flag for more information about Norway NORWAY
Tuesday, December 10, 2019, 17:10 (GMT + 9)

The board of NTS ASA announced that it has entered into an agreement with Gåsø Næringsutvikling AS to carry out a merger with the Frøy Group.

The Frøy Group is owned by Gåsø Næringsutvikling, which in turn is owned by Helge Gåsø and his family. Helge Gåsø is a primary insider and chairman of the Board of Directors of Norway Royal Salmon (NRS) and through Gåsø Næringsutvikling AS owns a shareholding of 6 993 188 shares in NRS, corresponding to 16.05 % of the shares in the company.

Signing of agreement in Trondheim December 9, 2019: From left CEO Harry Bøe and chairman Roger Granheim in NTS ASA and owners in Gåsø Næringsutvikling AS, Helge Gåsø and Anders Gåsø.


The merger with NTS is contingent on a number of conditions, including approval by the General Meeting of NTS and approval from the Norwegian Competition Authority. If the conditions are met, NTS will take over the shares owned by Gåsø Næringsutvikling AS and become the NRS' largest single shareholder.

NORWAY ROYAL SALMON major shareholders

Upon completion of the transaction, NTS will own 66 service vessels, 16 well boats and four ships in maritime transport (numbers including newbuildings).

"For Gåsø Næringsutvikling and Frøy Gruppen, we consider joining our business in NTS as exciting. This creates a great foundation for the further development of NTS as a leading company in the aquaculture service. The fact that it also farms makes it extra interesting. We have a long time horizon, and see the transaction as a way to secure jobs and activity in all geographical areas in which the merged company today operates," said Helge Gåsø in a report from NTS.

Photo: NTS

NTS is listed on the stock exchange and is priced at around NOK 4.5 billion. Their most important holdings today are the fish farming company Mid-Norsk Aquaculture and the wellboat company Norsk Fisketransport.

The transaction is expected to be completed during the first quarter of 2020.

Norway Royal Salmon ASA is not a party to the agreement between Gåsø Næringsutvikling and NTS ASA.


www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Press Release: A better take on toothfishing – right down the line (video)
Norway When asked why a group of Norwegians would go all-in for longline fishing in Antarctic waters, oceans apart from their North Sea home base, Arne Birkeland has a disarmingly sincere reply: “We ar...
Japan and Vietnam ink first maritime patrol ship deal as South China Sea row heats up
Japan Japan has signed a ¥36.6 billion ($345 million) loan agreement with Vietnam to provide the Southeast Asian country with six patrol boats to boost its maritime law enforcement capabilities, as Beij...
A new fish processing plant opened in the Kuril Islands
Russia Fed. A new fish processing plant was put into operation in the city of Severo-Kurilsk on Paramushir (northern group of the Great ridge of the Kuril Islands, Sakhalin Oblast). The  company "Alaid" will ...
On August 15, the first 2020 fishing season for anchovy will conclude
Peru The Ministry of Production (Produce) announced that on August 15, the first 2020 fishing season of the anchovy (Engraulis ringens) and white anchovy (Anchoa nasus) resource corresponding to the north-...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER