Icelandic Salmon Complete Private Placement, Raises Nearly $70 Million
Salmar announced that Icelandic Salmon, previously named Arnarlax, completed its private placement on Oslo’s Merkur Market.
Funds raised through the placement reached the expected total of NOK 647 Million (USD $68.94 million) through the allocation of 5,629,344 shares at a price of NOK 115 per share.
As SalMar shared earlier this week, the placement “attracted strong interest from high-quality institutional investors and was substantially oversubscribed.” A trio of investors were allocated shares for approximately NOK 296 million: (i) Gildi-lífeyrissjóður (Gildi Pension Fund), approximately NOK 196 million...
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