June 8, 2021
Mowi ASA acquires 100% of shares of Norwegian salmon producer
Mowi ASA had completed acquiring 100 % of shares in Norwegian salmon producer Lofoten Aqua AS on April 28, Mowi announced last month.
Lofoten Aqua AS's sole asset is a license. Mowi ASA consider a merger of Lofoten Aqua AS into Mowi ASA as the best solution to integrate the former's business into Mowi Group. In confirming the decision, the boards of directors of both companies had signed a joint merger plan.
Following the merger, Lofoten Aqua AS will be dissolved and its assets, rights and liabilities be transferred to Mowi ASA.