Icelandic Salmon’s share issue is now fully subscribed

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Massive interest in Iceland’s largest salmon farmer. 

On Tuesday morning it was announced that Icelandic Salmon, formerly known as Arnarlax, was on the market to raise EUR 55.2 million in fresh capital. Just three hours after the stock exchange opening, the money was in.

Icelandic Salmon’s main shareholder, SalMar, confirmed in an Oslo Stock Exchange announcement at lunchtime that the share issue has now been fully subscribed.

“SalMar has been informed that the joint bookrunners in the private placement have received orders such that the offering is oversubscribed,” SalMar wrote.

The share price was set at NOK 115 per share.