Mowi pulls its bid for NTS

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‘Offer will not be implemented’.

“Mowi’s announced intention to launch a voluntary offer for NTS ASA will not be implemented,” reads a brief stock exchange announcement from the aquaculture giant.

The reason for the bid being withdrawn is that “the conditions are no longer present”, wrote Mowi.

The announcement comes just 28 minutes after SalMar offered NOK 120 per NTS share, in a combined cash and share package solution.

Read also: Mowi announces €1.4 billion offer for NTS

On January 24, Mowi offered NOK 110 per NTS share, with cash settlement. The bid valued the Norwegian salmon farmer NTS at NOK 13.8 billion (€1.4 billion).

Now this bid has been withdrawn.