Brief: Salmon Evolution Updates On JV In Korea
13/01/2026 06:49
Jan 13 (Reuters) - Salmon Evolution ASA SALME.OL: PROVIDES UPDATE ON PARTNERSHIP WITH DONGWON INDUSTRIES IN KOREA AGREED TO REPLACE EXISTING JOINT VENTURE AGREEMENT WITH TECHNICAL ADVISORY AGREEMENT WILL PROVIDE TECHNICAL ADVISORY SERVICES ON MARKET TERMS NO FURTHER INVESTMENT COMMITMENTS UNDER NEW AGREEMENT REMAINS MINORITY SHAREHOLDER AND KEY CONTRIBUTOR IN PROJECT, ALTHOUGH ITS CURRENT 49% OWNERSHIP IS EXPECTED TO BE DILUTED OVER TIME RETAINS FIVE-YEAR PURCHASE OPTION FOR UP TO 33% OWNERSHIP IN PROJECT AT MARKET TERMS Source text for Workspace: nMFN7NkzVS Further company coverage: SALME.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))