Extract from M&A Insights

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Result of Salmars offer to acquire the remaining shares in Arnarlax
April 17, 2019

SalMar ASA has received acceptances for 8.8% of the total shares in relation to its EUR 67.9m cash offer to acquire the remaining 46% outstanding shares. Upon settlement of the offer, Salmar will hold a shareholding representing a 63% stake in Arnarlax AS. Arnarlax is Iceland’s largest salmon breed company, reporting a turnover of EUR 66.6m and EBITDA of EUR 10.2m in 2017. The deal value corresponds to an EV/EBITDA of 15.5x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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