Group 1 - SalMar has agreed to acquire 49% of the shares in Øylaks MTB AS, resulting in SalMar owning 100% of the company, which holds a license to produce Atlantic salmon [1] - The purchase price for the transaction will be settled through the issuance of 209,402 new shares at a subscription price of NOK 655.20 per share [1] - Following the issuance of the new shares, SalMar's share capital will increase to NOK 33,899,229.25, divided into 135,596,917 shares, each with a par value of NOK 0.25 [2] Group 2 - SalMar is recognized as one of the world's largest and most efficient producers of salmon, with farming operations in Central Norway, Northern Norway, Offshore, and Iceland, along with significant harvesting and secondary processing operations [3] - The company also owns 50% of Scottish Sea Farms Ltd, further expanding its presence in the salmon industry [3]

Core Insights - Mowi ASA has entered into a strategic partnership with Skretting/Nutreco to enhance its feed production capabilities, utilizing Skretting's feed formulation to improve salmon farming operations [1][2][3] Partnership Details - The partnership is a result of a strategic review of Mowi's Feed Division, concluding that collaboration with Skretting is the preferred outcome [2][3] - Mowi will continue to produce feed while benefiting from Skretting's expertise in feed formulation, which is expected to drive significant cost improvements and ensure high-quality feed performance [3][4] Financial Implications - The partnership is projected to deliver over NOK 650 million (EUR 55 million) in annualized net cost savings through enhancements in feed formulation, procurement, and logistics [7] - Mowi Feed is expected to contribute an EBITDA of NOK 825 million (EUR 70 million) in 2026, with total EBITDA from the partnership and retained feed business unit exceeding NOK 1,475 million (EUR 125 million) [7] - This translates to an EBIT per kg (GWT) of NOK 2.1 (EUR 0.18) for Mowi Group and NOK 2.6/kg (EUR 0.22) for Mowi Norway, equating to earnings per share of NOK 1.7 (EUR 0.14) [7] Strategic Importance - The collaboration with Skretting is seen as a low-risk solution that formalizes a long-standing relationship, allowing Mowi to drive innovations and cost improvements effectively [5][6] - Retaining Mowi Feed with its advanced factories in Norway and Scotland allows the company to maintain profit within the feed value chain, which is expected to become more profitable as the feed market tightens [6][7] Company Overview - Mowi is a leading global seafood company and the largest producer of farm-raised Atlantic salmon, with an estimated harvest of 605,000 tonnes in 2026 from multiple countries [8][9] - The company employs 12,300 people across 26 countries and reported a turnover of EUR 5.6 billion in 2024 [9]

Core Viewpoint - Nissui Corp. has acquired Chilean salmon farming business Pesquera Yadran for $133 million, aiming to strengthen its aquaculture business and achieve a balanced portfolio by 2030 [1][3]. Group 1: Acquisition Details - The acquisition is made through Nissui's subsidiary Salmones Antartica, based in Chonchi, Chile, and is expected to close in January [1]. - Pesquera Yadran was purchased from investment firms Inversiones Yadran, Chile Market Limitada Servicios y Asesorias Financieras, and Inversiones Crucol [1]. Group 2: Financial Performance of Pesquera Yadran - Pesquera Yadran reported a loss of $45.5 million in 2024, a significant decline from a profit of $430,000 in the previous year [2]. - Revenue for Pesquera Yadran dropped nearly 19% to $222 million, with an operating loss of $21.5 million [2]. - In 2023, Pesquera Yadran had a profit of $16.3 million [2]. Group 3: Strategic Objectives - Nissui aims to establish a stable business portfolio by 2030, balancing food products and marine products, with aquaculture and fine chemicals as growth drivers [3]. - Strengthening the aquaculture business is seen as crucial for enhancing the profitability of the entire Nissui Group [4]. Group 4: Operational Capacity - Pesquera Yadran operates a salmon processing plant in Quellón, Los Lagos, with an annual production capacity of 40 tonnes and manages four fish farms raising approximately 6.5 million smolts annually [5]. Group 5: Nissui's Financial Performance - Nissui reported a 6.6% increase in total sales for the year ending in March, reaching ¥886.13 billion ($5.7 billion), with food products contributing ¥471.1 billion and marine products ¥364.1 billion [6]. - Group operating profit rose 7.1% to ¥31.8 billion, while profit attributable to Nissui's owners increased by 6.4% to ¥25.3 billion [6]. - A second-quarter trading update indicated a 2.8% revenue increase to ¥452.9 billion, with food sales up 5% to ¥251.7 billion and marine product sales rising 1.8% to ¥178.8 billion [6]. - Nissui's total operating profit climbed 14.6% to ¥19.7 billion, and profit attributable to the owners rose 13.7% to ¥14.2 billion [7].