Salmar purchse shares in Villa

SalMar ASA has reached agreement on the acquisition of 13.45 per cent of the shares in Villa Organic AS for a total price of NOK 47.8 million. Following the transaction, SalMar ASA will control 49.72 per cent of the company's shares. In addition, SalMar has entered into an option agreement entitling SalMar to acquire a further 0.7 per cent of the shares in Villa Organic AS.

Villa Organic AS is a fully integrated aquaculture enterprise, with operations along the entire value chain. Its fish farming activities are located in Finnmark. The group has a total of 16 licences for the production of farmed salmon, and expects to harvest 13,000 tonnes in 2013.