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Scottish Salmon Company up for sale

9 July 2019, at 9:00am

The Scottish Salmon Company is considering a number of offers for all or part of its business its owners revealed yesterday.

The Jersey-based holding company Scottish Salmon Company PLC, which owns the Edinburgh-headquartered Scottish Salmon Company (SSC), said that a number of offers were being considered as part of an ongoing strategic review.

SSC has 43 marine sites in western Scotland and the Outer Hebrides
SSC has 43 marine sites in western Scotland and the Outer Hebrides

In a market update the company stated: “Among the options being considered within the framework of the Review are several formal, non-binding expressions of interest to purchase part or all of the Company that have been received by the Company via its financial advisor Daiwa Corporate Advisory Limited.

“As part of this process, the Company will allow selected parties access to non-public information. No assurance can be given that any specific outcome will be proposed or completed as a result of this process.”

The company said it envisaged the review to be completed by September, and does not expect to disclose further information on the development of the review “until the process has been completed or terminated, or if a disclosure is required in order to comply with applicable laws and regulations”.

The company produces up to 30,000 tonnes of Atlantic salmon annually from 43 marine sites, 11 freshwater sites and two processing plants, and employs more than 600 people across Scotland.

 

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