Barramundi Group is offering shares in the company and listing them on Euronext Growth Oslo, the first Australasian company, as well as the first to specialise in a tropical species, to be listed on the exchange.
As one of the largest barramundi producers in the world, Barramundi Group has an end-to-end aquaculture model, with in-house capabilities ranging from vaccine development, product innovation and processing, to hatchery facilities.
The listing is seen as a significant milestone from the group, marking the company’s first step in its plan for transformational growth. “We believe that this listing will enable us to fully capitalise on the growing global middle class and skyrocketing demand for high-quality proteins that are raised responsibly, with minimal carbon and oceanic impact,” said Andreas von Scholten, chief executive of Barramundi Group.
The decision to float the company was driven by the growing global demand for barramundi and growing consumer interest in sustainability, a trend set to continue further. Over the next five years, the group hopes to move more than double its capacity to its three ocean farm sites situated across Australasia.
The listing will allow the company to focus on four key areas to help realise its ambitions – further industrialise production across its three ocean farm sites, expand its market share, pursue new revenue streams such as developing its aquatech ecosystem and build new production partnerships.
