Carnegie Investment Bank congratulates Norway Royal Salmon with the proposed merger with SalMar.
The merger will create the second largest salmon farmer globally. The Group will, after the combination of SalMar, Norway Royal Salmon and SalmoNor, have a total potential production capacity of more than 330,000 tonnes, split between Norway with over 280,000 tonnes and Iceland with over 50,000 tonnes. The parties have overlapping industrial interests geographically and through the entire value chain; smolt, farming, processing and sales, and within offshore farming. The merger is expected to enable the realisation of substantial synergies and be a catalyst for further sustainable growth in the local communities where the parties operate.