Atlantic Sapphire share sell-off raises €50m

Atlantic Sapphire offices

Source: Atlantic Sapphire

Atlantic Sapphire has raised more than €50 million through a private placement to help boost production and profitability

Land-based aquaculture company Atlantic Sapphire has raised NOK595 million (€52.71 million) through a private placement of 119,000,000 new shares at a price of NOK5 (€0.44) per share.

The deal was up-sized by 10% as a result of strong investor demand.

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