Scottish Sea Farms Ltd. entered into a share purchase agreement to acquire Grieg Seafood Hjaltland UK Limited from Grieg Seafood ASA (OB:GSF) for approximately £160 million on June 29, 2021. The transaction will be funded with external debt, and new equity from the owners. The Transaction is subject to certain customary closing conditions. Transaction is expected to close within Q4 2021. The Transaction has now been cleared by all relevant competition authorities and completion of the Transaction is expected to take place during December 2021. Pareto Securities Limited acted as financial advisor and Wikborg Rein & Co. acted as legal advisor to Scottish Sea Farms Ltd. DNB Markets and Nordea Markets acted as financial advisors to Grieg Seafood ASA. Ernst & Young Global Limited acted as due diligence provider to Scottish Sea Farms Ltd.

Scottish Sea Farms Ltd. completed the acquisition of Grieg Seafood Hjaltland UK Limited from Grieg Seafood ASA (OB:GSF) on December 15, 2021.