Atlantic Sapphire AS recently raised NOK 600 million in a private placement with Arctic Securities, DNB Markets and Pareto Securities as bookrunners. The net proceeds from the private placement will be used to continue development and finalise construction of the Atlantic Sapphire’s production facility expansion (phase 2) in Denmark and its Miami production facility site (phase 1). In connection with completion of the private placement, Atlantic Sapphire is also applying for admission to list its shares on Merkur Market, which is expected to take place mid-May 2018.

CLP has acted as legal advisor for Atlantic Sapphire in the private placement and the listing on Merkur Market.

Atlantic Sapphire is a pioneer within land-based salmon farming with a pilot facility in Denmark and a land-based salmon farming facility under construction in Miami, Florida. More information on Atlantic Sapphire is available here.