Core Viewpoint - Mowi has received approval from the European Commission to increase its stake in Nova Sea from 49% to 95%, with the acquisition valued at Nkr7.4 billion ($736.2 million) [1][3]. Group 1: Regulatory Approval - The European Commission became aware of Mowi's acquisition in September and invited comments from parties due to the operational activities of both companies [2]. - The transaction was reviewed under the normal merger procedure, concluding that it would not raise competition concerns due to its limited impact on the market [3]. Group 2: Operational Impact - With the increased ownership, Mowi and Nova Sea are projected to harvest 157,000 tonnes of salmon in northern Norway by 2025, contributing to a total of 367,000 tonnes in Norway and 572,000 tonnes globally [4]. - Mowi anticipates annual synergies of approximately Nkr400 million from the integration, driven by improved capacity utilization and targeted investments [4]. Group 3: Financial Performance - Mowi reported unprecedented salmon harvest volumes of 166,000 gutted-weight tonnes (GWT) in the third quarter, an increase from 161,000 GWT in the same quarter last year [5]. - The company expects to report an operational EBIT of around €112 million ($130.6 million) for the third quarter, compared to €173 million and €203.1 million in the same quarters of the previous two years [6]. - For consumer products, operational EBIT for the current third quarter is projected at €66 million, surpassing the previous all-time high of €43.5 million [6].