SalMar Enters into Agreement to Acquire 70% of the Shares of Salmon Processor Måsøval
July 10, 2026 | 2 min to read
Norwegian salmon processor SalMar ASA has entered into an agreement with salmon producer Heimstø AS to acquire Heimstø’s 85,727,553 shares in Måsøval AS, representing approximately 70% of the share capital of the company.
The transaction is expected to provide SalMar with an even stronger platform for continued sustainable growth in Central Norway – one of the world’s premier regions for aquaculture. It builds on a shared history and a common heritage on Frøya, which has played a formative role in shaping modern Norwegian aquaculture. In aggregate, the transaction is expected to deliver improved utilisation of resources, expertise and infrastructure, strengthen innovation capability, and facilitate further development on the salmon’s terms and long-term value creation along the Norwegian coastline.
Frode Arntsen, Chief Executive Officer of SalMar, notes:
“We believe this represents an exciting industrial opportunity that will strengthen SalMar’s position in Central Norway, one of our most important core regions for aquaculture. Måsøval is a historically well-established and well-managed company with strong roots in the region, and its operations are a good fit with SalMar’s existing activities. The companies share common roots on Frøya, and we see significant potential for further development. The transaction is, though, subject to the necessary regulatory approvals and other customary conditions, and we are now commencing these processes.”
The purchase price is NOK 39.50 per share, representing an aggregate consideration for the sale shares of approximately NOK 3.4 billion ($350 billion). The transaction values the entire share capital of Måsøval at approximately NOK 4.84 billion ($494 billion)., based on 122,508,455 shares outstanding as at 8 July 2026.
SalMar is the second largest salmon farmer in the world, and has production in Norway, offshore, Iceland and Scotland. It ships to more than 50 countries. With a passion for salmon, SalMar has been a driver for sustainable development of the aquaculture industry since 1991.
Founded in 1973, Måsøval AS produces and sells salmon in Norway and internationally. The company is headquartered in Frøya, Norway.