Business
Mowi enters into Transaction Agreement to purchase Torghatten Aqua’s salmon farming seawater business
(Bergen, 10 March 2026). Mowi is pleased to announce that we have entered into a Transaction Agreement to purchase all of Torghatten Aqua AS’s salmon farming seawater business. Torghatten Aqua is a salmon farming conglomerate in production area 8 in Northern Norway that is engaged in several activities including renting out salmon licenses and seawater sites (joint operation agreement with a third party) to school activities, land-based salmon farming and consulting. Upon Mowi’s acquisition of N
About this update from Mowi Asa
[{"type":"image","alt":"Mowi ASA","displaySize":"","headline":null,"caption":"Mowi ASA","className":"","disableSlideshowImg":false,"size":{"original":{"width":275,"height":92,"url":"https://media.zenfs.com/en/globenewswire.com/0a49c469828e81528fc64471d915a0eb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ATwHt62AEbBLSztaj8UZYA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/0a49c469828e81528fc64471d915a0eb","width":275,"height":92}},"lazy":false},{"type":"text","content":"(Bergen, 10 March 2026). Mowi is pleased to announce that we have entered into a Transaction Agreement to purchase all of Torghatten Aqua AS’s salmon farming seawater business. Torghatten Aqua is a salmon farming conglomerate in production area 8 in Northern Norway that is engaged in several activities including renting out salmon licenses and seawater sites (joint operation agreement with a third party) to school activities, land-based salmon farming and consulting. Upon Mowi’s acquisition of Nova Sea last year, we became the owner of a 33.34% stake in Torghatten Aqua.","length":576,"tagName":"p"},{"type":"text","content":"Mowi has now entered into an agreement to carve-out and purchase 3.37 licenses in total (2,628 tonnes maximum allowed biomass); 1.37 commercial license, 1 exhibition license and 1 education license. We expect to harvest around 4,500 GWT annually from this license portfolio.","length":274,"tagName":"p"},{"type":"text","content":"“Torghatten’s seawater farming business is a very good match with Mowi Region North and will further strengthen Mowi’s leading presence in Northern Norway. The transaction will strengthen Mowi’s position in an area known for its excellent biological performance which is already core to Mowi Region North, and it supports our long-term strategy to sustainably grow our harvest volumes in a cost competitive way,” says Mowi’s CEO Ivan Vindheim.","length":443,"tagName":"p"},{"type":"text","content":"Part of the transaction is that Mowi will return its 33.34% stake in Torghatten Aqua such that they can develop its non-seawater operations on a standalone basis. Cash consideration on a net basis from Mowi to Torghatten Aqua is NOK 293 million (EUR 26 million), payable upon closing.","length":284,"tagName":"p"},{"type":"text","content":"The transaction is subject to approval by the Norwegian competi...