From BNN Bloomberg, August 26:
Billionaire Kjell Inge Rokke’s Aker ASA and SalMar ASA will create a new offshore fish farming company to open new waters for producing salmon.
Aker will contribute as much as 1.65 billion kroner ($190 million) in cash in three tranches to SalMar Aker Ocean, which will comprise SalMar’s interests in its semi-offshore and offshore farming operations, the companies said in a statement on Thursday. SalMar will eventually own 66.6% of the joint company, while Aker will own 33.4% through Aker Capital AS.
Salmon farmers in Norway, the biggest producer of the red-fleshed fish, traditionally are limited to licensed areas in the fjords and close to the coastline. The development of farms in the open ocean will enable an expansion of production to new areas as demand for sustainable protein food sources grows....
....MUCH MORE
They best not let any of those critters escape.
