Norcod admitted to trading

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Oslo, 15 October 2020 – The cod farming company Norcod has today been admitted to trading on Merkur Market (ticker code: NCOD-ME).

Norcod is a producer of farmed cod. “With wild fish stock under pressure and fishing quotas for cod being cut, Norcod aims to fill the gap in the market and provide sustainable fresh cod,” explains the company.

Recently, the company raised NOK 250 million through a private placement. The placement attracted very strong interest from Norwegian and international investors, and was multiple times oversubscribed.

Norcod intends to use the net proceeds from the placement to support a significant production growth, reported Norcod.

Norcod admitted to trading on Merkur Market

Photo: Thomas Brun / NTB

About Norcod

Norcod AS is the leading producer of farmed cod. The company's core business is commercial cod farming in marine facilities, but they are also involved in the entire value chain through cooperation with key players. Norcod is located in Central Norway with good production conditions for cod. In line with key sustainability goals and minimal environmental impact, Norcod contributes to blue value creation. www.norcod.no

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