The Scottish Salmon Company (No_rec, TP: NOK) - Discontinuing coverage
As of 8 November 2019, Bakkafrost held 80.77% of the shares in The Scottish Salmon Company and is now completing its mandatory bid for the remaining 19.23% at NOK28.25/share. The offer period ends at 18:00 CET on 9 December. The Scottish Salmon Company will no longer produce Q1 or Q3 reports (from 11 November 2019). We have discontinued coverage of The Scottish Salmon Company. Our last published recommendation, target price and estimates should no longer be relied uponScottish Salmon Company is engaged in the production and sale of Scottish salmon along with complementary investments in other Scottish seafood products. Co. conducts all its salmon farming, processing, and sales and marketing activities through its subsidiary, The Scottish Salmon Company Limited.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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