Grieg-backed Japan land-based salmon farm raises €40 million

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Private placement was more than 10 times oversubscribed. Now ready for listing.

In a statement on the Oslo Stock Exchange, Proximar Seafood writes that the private placement has been successfully placed through the allocation of 24,691,360 new shares in the company at a price of NOK 16.20 per share, raising gross proceeds of EUR 40 million.

The private placement attracted strong interest from Norwegian, Nordic and international institutional investors and family offices and was more than 10 times oversubscribed excluding shares pre-allocated to Nutreco International and cornerstone investors.

Feed giant Nutreco is now a shareholder in the company.

“We are excited about the significant investor interest and support for Proximar. We are now on track and will commence construction of the facility over the next months, bringing us one step closer to serving fresh Atlantic salmon on Japanese dinner plates on the same day as harvest”, said CEO Proximar Joachim Nielsen.