The main goal of the dissertation is to determine a potential acquisition in the salmon farming industry among the acquirer company, Bakkafrost, and the target company, Grieg Seafood. Bakkafrost is a company from Faroe Island, selling salmon at premium prices, while Grieg Seafood is a Norwegian company. The requirements for the companies in the salmon farming industry to deliver profit are more turned towards fully integrated value chains. This has been met with several consolidations the last decade. As a result, Bakkafrost could look for potential targets. Bakkafrost and Grieg Seafood’s equity value equals NOK 29 040 million and NOK 11 094 million, respectively. The synergies estimated in a potential deal among them is expected to be NOK 8 046 million. The transaction consists of a mixed offering of stocks and cash, representing a 30% price premium to current market value of Grieg Seafood.
| Date of Award | 23 Jan 2023 |
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| Original language | English |
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| Awarding Institution | - Universidade Católica Portuguesa
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| Supervisor | António Borges de Assunção (Supervisor) |
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The acquisition of Grieg Seafood ASA by Bakkafrost
Lund, M. B. (Student). 23 Jan 2023
Student thesis: Master's Thesis