NRS terminates merger discussions with NTS

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Companies will continue their business operations as before.

In October, it became known that were ongoing discussions about the merger of the two listed fish farming companies NRS and NTS.

But now there is a clear conclusion. It’s all over.

In a joint Oslo Stock Exchange announcement this Monday morning, NTS and NRS wrote on the subject that regarding ongoing discussions, these “have now been terminated and the companies will continue their business operations as before”.

The merger plans gained extra sustenance as seafood veteran Helge Gåsø is central, as he is on the ownership side of both salmon farming groups.

NRS group owns 36,085 tonnes MAB (Maximal Allowed Biomass) located in Troms and Finnmark, Norway. In addition, the group minority interest in three associated Norwegian fish farming companies which together own 11 fish farming licenses, as well as Arctic Fish on Iceland that has licenses for 11,800 tonnes.

NRS is a fish farming group, which offers salmon to the market through its own sales organisation. It owns fish farming activities in mid-Norway through Mid-Norwegian Aquaculture and aqua service activities through Norsk Fisketransport, FrøyGruppen, and NTS Shipping. NTS is also the largest shareholder in Norway Royal Salmon.