SalMar Subsidiary Icelandic Salmon Upsizes Private Placement After Oversubscription
On Tuesday, Icelandic Salmon, a subsidiary of SalMar announced it was mulling a private placement on the Merkur Market aiming to raise NOK 579 million (USD $63 million) between primary and secondary offerings.
Following “strong interest from high-quality institutional investors,” joint bookrunners in the placement received orders such that the offering became oversubscribed. This led the board of directors of Icelandic Salmon to increase the size of the primary offering in the private placement from NOK 432 million to approximately NOK 500 million...
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