Austevoll is a coastal region in western Norway, known for its strong fishing and aquaculture tradition.
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Biofish Holding AS has announced the confirmation of an agreement with Langøylaks Holding 2 AS for a voluntary public offer to acquire all outstanding shares and warrants of the Norwegian company, which specializes in the production of smolts.
The offer represents a total consideration of approximately NOK 230 million for all outstanding shares and warrants, based on 111,978,666 shares outstanding and 67,521,334 warrants issued.
Among the shareholders who have agreed to accept the Offer are the Company’s largest shareholders: Awilco AS, Odfjell Land AS, Stoksund AS, and Biofish Aquafarm AS, who hold shares and warrants in BioFish.
Langøylaks is a Norwegian salmon producer with 45 years of industry experience. Both companies are located in Austevoll, on the west coast of Norway, making this agreement a strategic move.
"The Board has conducted a thorough strategic review involving discussions with a wide range of stakeholders and has considered different offers from strategic and financial players. We are confident that the Offer price represents a fair reflection of today's values and believe Langøylaks will be good owners and partners for BioFish," expressed Thorbjørn Gjelsvik, chair of the Board.
Additionally, Langøylaks CEO, Johannes Møgster, said: "We see strong potential for mutual growth, with significant synergies across both production and expertise. This collaboration will strengthen both companies and create exciting opportunities moving forward."
