Andfjord Salmon
Andfjord Salmon Group AS has raised gross proceeds of between NOK 300 to 350 million ($33.6 million) to expand its production capacity at Kvalnes, ramping up biomass, and for general corporate purposes.
According to a press release on its website, the land-based salmon farmer has confirmed that the price per Offer Share in the Private Placement will be determined through an "accelerated book building process".
Andfjord Salmon has listed the investors that have pre-committed to subscribe for the shares through the private placement:
High Liner Foods Incorporated has invested $10.0 million (approx. NOK 107 million) for 4.5% share ownership.
Jerónimo Martins Agro-Alimentar S.A , which holds 25.1% of the outstanding shares in the Company, has invested 7.5 million (approx. NOK 87 million).
Jan Heggelund has, through private accounts and through his wholly owned company Ristora AS, has invested NOK 30 million.
Fish farmer Eidsfjord Sjøfarm/Holmøy Havbruk subscribed for NOK 15.9m.
The construction company Leonhard Nilsen & Sønner (LNS), has invested NOK 10 million.
The CEO of Andfjord Salmon Martin Rasmussen has expressed its satisfaction the Kvalnes project development, which is staying within budget and generating significant interest from investors.
In this regard, the company confirmed In January that the excavation of the next 12 pool pits at Kvalnes, Andøya, has been completed one quarter ahead of schedule.
"We have decided to utilize this positive momentum to our advantage and raise funds that provide us with added financial flexibility. We are delighted that strong, international industrial investors have pre-committed for substantial amounts."
