Mowi gets EC approval for controlling stake in salmon peer Nova Sea
Yahoo Financeยท2025-10-20 11:15
Norwegian seafood major Mowi has said its bid for an increased stake in Nova Sea has been approved by the European Commission. Clearance was given on Friday (17 October) for Mowi to raise its interest in its Norway-based salmon farming and processing peer to 95% from 49%, an acquisition announced in January. Mowi is taking the additional shares from Nova Sea investor Vigner Olaisen for Nkr7.4bn ($736.2m today). The European Commission (EC) only became aware of the deal in September, when the regulatory ...