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Just four days after receiving the green light from the EU Commission, Mowi has also obtained approval from the Norwegian competition authority.

Once this hurdle has been overcome, only the approval by the Norwegian competition authority remains pending to close the transaction.

Following a preliminary examination, the EU Commission has invited interested third parties to submit their observations on the proposed transaction.

One of the project's main aspects has been to reuse Nova Sea's existing conventional cages to convert them into submersible cages.

Tom Eirik Aasjord stressed his decision is independent of the ongoing process in the company after Mowi took majority ownership.

The transaction, valued at NOK 7.4 billion (EUR 625 million), sees Mowi increase its ownership of Nova Sea from 49% to 95%.