Brief: Reg-Akva Group ASA Potential New Land Based Project

Akva ASA

05/11/2020 08:18

Nov 5 (Reuters) - Akva Group ASA  AKVA.OL :
    * REG-AKVA GROUP ASA: POTENTIAL NEW LAND BASED PROJECT
    * AKVA GROUP ASA - AKVA GROUP LAND BASED A/S, UNIT OF AKVA GROUP, SIGNED AN ENGINEERING AND
DESIGN
CONTRACT WITH NORWEGIAN COMPANY ECOFISK AS
    * AKVA GROUP ASA - AKVA IS CHOSEN AS PREFERRED SUPPLIER AND FINAL DELIVERY CONTRACT FOR
INITIAL
5,000 TONNES, IF AWARDED, HAS A VALUE OF APPROX. EUR 45 MILLION
    * AKVA GROUP ASA - AKVA WILL PARTICIPATE UP TO NOK 30 MILLION IN EQUITY IN PROJECT IF
SUFFICIENT
FURTHER FINANCING IS ACHIEVED AND HAS SO FAR PROVIDED NOK 5,500,000 IN EQUITY FINANCING.
    * AKVA GROUP ASA - AKVA'S FURTHER EQUITY PARTICIPATION IN PROJECT IS SUBJECT TO ECOFISK
OBTAINING
NECESSARY FINANCING FOR PROJECT AND AGREEMENT ON A FINAL DELIVERY CONTRACT.

Source text for Eikon:  ID:nGNE2SNg17 
Further company coverage:  AKVA.OL 

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