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AKVA Land Based A / S Group, a wholly owned subsidiary of AKVA ASA Group (ʺAKVAʺ), has signed an engineering and design contract with Norwegian company Ecofisk AS (ʺEcofiskʺ). Ecofisk is planning a new 5,000-ton ground cultivation plant in Espevik, Norway, and holds a license to produce up to 40,000 tons.
AKVA is chosen as the preferred supplier and the final delivery contract for the initial 5,000 tons, if awarded, is worth approx. 45 million euros.
AKVA will participate up to NOK 30 million in project shares if sufficient additional funding is obtained and has so far provided NOK 5,500,000 in equity financing.
AKVA’s further shareholding in the project is subject to Ecofisk obtaining the necessary financing for the project and agreeing on a final delivery contract.
Date: November 5, 2020
AKVA ASA Group
Spider web: www.akvagroup.com
CONTACTS:
| Knut Nesse | CEO |
| Phone: | +47 51 77 85 00 |
| Mobile: | +47 91 37 62 20 |
| E-mail: | [email protected] |
| Ronny Meinkøhn | Head of the financial office |
| Phone: | +47 51 77 85 00 |
| Mobile: | +47 98 20 67 76 |
| E-mail: | [email protected] |
This information is subject to disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act
.
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