The estimated value of the deal, which was awarded to AKVA group Denmark A/S, a wholly owned subsidiary of AKVA group ASA, is €11.9 million, although the final contract is not yet concluded and is subject to financing and regulatory approvals in Russia.
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Deliveries of equipment to the Russian Aquaculture facility are expected to commence in Q2 2020. The Moscow-based company sees the deal as an important step towards achieving its strategic goal of producing up to 25,000 to 30,000 tonnes of salmonids by 2025.