Brief: Reg-Akva Group ASA New Land Based Contract

Akva ASA

20/12/2019 17:39

Dec 20 (Reuters) - Akva Group ASA  AKVA.OL :
    * NEW LAND BASED CONTRACT
    * CO'S UNIT AKVA GROUP LAND BASED A/S CHOSEN TECH SUPPLIER
OF FULL
GROW-OUT RAS PROJECT FOR ATLANTIC SALMON TO NORDIC AQUA PARTNERS
IN CHINA
    * VALUE OF AKVA'S DELIVERY IS ESTIMATED TO BE NOK 500
MILLION IN
PERIOD 2020 TO MID-2023
    * PROJECT'S TARGETED HARVEST VOLUMES ARE 8,000 TONNES IN
2026
    * WILL PARTICIPATE WITH 3.1 MEUR IN EQUITY IN PROJECT
    * REALIZATION OF PROJECT AND AKVA'S DELIVERY IS DEPENDENT
UPON
CERTAIN CONDITIONS TO PROJECT'S EQUITY FINANCING

Source text for Eikon:  ID:nGNE7LPHgv 
Further company coverage:  AKVA.OL 

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