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Bakkafrost chalks up $400 million in rapid share placement to pay for Scottish Salmon Company acquisition

The company is buying a controlling stake in the fellow salmon producer.

Bakkafrost CEO on Scottish Salmon Company deal: 'We can increase these margins'

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Bakkafrost raised NOK 3.7 billion (€373.7 million/$407 million) through a private placement of 7,328,709 shares to help fund the acquisition of its stake in The Scottish Salmon Company.

The placement was completed at a subscription price of NOK 500 (€50.50/$55.00) per share, which was determined through an accelerated book-building process.

CEO Regin Jacobsen was allocated 120,000 shares, after which he owns a total of just over 4.6 million shares in the company.

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