Goldman Sachs Asset Management (GSAM) has offered 6.6 billion Norwegian crowns ($598.8 million) in cash to buy Norwegian aquaculture service group Froy , the two companies said in a statement on Monday.
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly//File Photo
OSLO, June 5 - Goldman Sachs Asset Management has offered 6.6 billion Norwegian crowns in cash to buy Norwegian aquaculture service group FroyGSAM said it had reached a deal to buy a 72% stake in Froy from a unit of salmon farmer SalmarSalmar in January this year said it was seeking potential buyers for the stake, and Froy's share price has since risen by almost 50% to close at 72 crowns on Friday.
Froy's fleet of specialised wellboats and other vessels provides maritime transportation services to fish farmers and other aquaculture companies. "Wellboats and service vessels are vital to enabling best-in-class farming practices and Froy is at the forefront of driving sustainability," GSAM Global Co-Head of Infrastructure Tavis Cannell said in a statement announcing the offer.
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