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An update from Nordic Halibut AS ( (DE:9K1) ) is now available.
Nordic Halibut AS has entered into an agreement with Pure Norwegian Seafood AS to use its processing facilities, with an option to purchase all shares in PNS. This collaboration is pivotal for Nordic Halibut’s production scale-up plans, aiming for 10,350 tonnes HOG by 2031. The partnership enhances their production capabilities, secures local jobs, and strengthens their market position by achieving full control over the value chain, from genetics to processing.
More about Nordic Halibut AS
Nordic Halibut AS is a leading farmer of Atlantic halibut based in Western Norway, with headquarters in Averøy, Nordmøre. The company boasts a fully integrated value chain from genetics to sales and has achieved significant breakthroughs in early phase production. It aims to expand production volumes to 4,500 tonnes HOG by 2027 and 10,350 tonnes HOG by 2031, focusing on value accretive organic growth.
YTD Price Performance: -10.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €89.47M
See more data about 9K1 stock on TipRanks’ Stock Analysis page.