Its HQ is at Kverva, near Trondheim in Central Norway. The CEO is Yngve Myhre and its chairman is Bjorn Flat- gard. The main shareholder is Kverva Holdings, a company controlled by the co-founder of Salmar, Gustav Witzoe.
5. Morpol ASA The self-proclaimed ‘world’s leading
Helge Singelstad
ing league table. However, its current market value of 5,013 million NOK (£573 million) means that it has been pushed into third place by Cermaq. Lerøy’s share price started the year at 205 NOK but has gradually fallen in value to its current levels of 89 NOK. The company’s fi sh farming operations are based mainly in Norway, although it also owns 50% of Scottish Sea Farms in the UK.
The Lerøy Seafood Group was bought in a hostile takeover by Austevoll Sea- food ASA in 2008. Austevoll’s chairman, Helge Singelstad is also chairman of Lerøy.
The company’s CEO is Henning Beltes- tad and LSG harvested 117,000 tonnes of salmon and trout in 2010, making it the second largest Norwegian-based producer.
4. Salmar ASA Hot on the heels of Lerøy is Salmar
ASA, which has a current market value of 4,267 million NOK (£488 million). Salmar has fi sh farms in Norway and has just invested in a farm in the Faroe Islands. It also owns 50% of Scottish Sea Farms, with Lerøy owning the other half. It harvested 78,500 tonnes of salmon and trout in 2010 (including its share in SSF) and its share price started the year at 60 NOK and rose to 69 NOK in May, before falling to a current value of 42 NOK.
Jerzy Malek
salmon processor’, Morpol, is a relatively new listing on the Oslo Børs. Since it joined the Norwegian Stock Exchange in June 2010, it has bought salmon farms in Scotland and Norway, securing sup- plies for its processing plant in Poland. Morpol currently has a market capi- talisation of 2,268 million NOK (£259 million), making it a signifi cant player in the industry. Its shares started the year at 22 NOK, rising to 23.50 NOK, but have now fallen back to 13.50 NOK. The main driving force behind Morpol is the company founder, Jerzy Malek, who is also its CEO and majority share- holder. The company chairman is the Norwegian politician Thorhild Widvey. Another signifi cant board member is Hans den Bieman, who formerly worked for Marine Harvest and Nutreco.
Cermaq is unusual in that 43.5 per cent of its shares are owned by the Norwegian Ministry of Trade and Industry
Yngve Myrhe
www.fishfarmer-magazine.com 19 Fish Farmer September/October 2011
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