Israel Corp secures 18 per cent of AKVA group

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Israel Corp has acquired a total of 6.6 million shares in the Norwegian equipment supplier.

On September 29, the listed investment company Israel Corp announced its intention to take at least a 15 per cent stake in AKVA group. At the same time, the duo will collaborate to attract investments for land-based aquaculture projects based on the equipment manufacturer’s solutions and technology.

Read also: AKVA partners with new Israeli investor to build $150m land-based salmon farm in Maryland

With this backdrop, IC’s stockbroker, DNB Markets, submitted a bid of NOK 96.50 per share. The offer period has now expired.

The result shows, according to a stock exchange announcement on Tuesday morning, that IC has acquired a total of 6.6 million shares in the Norwegian equipment supplier.

Egersund Group continues to hold the majority of shares in AKVA group.