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May 17, 2002

NORWAY: Leroy Seafood Group raises €42.3m, eyes listing on Oslo Bourse

Norwegian fish products firm Leroy Seafood Group has revealed that it has raised 320m Norwegian crowns (US$38.6m) in the two stock issues carried out in April and May of this year. CEO Ole-Eirik Leroy added that the Bergen, western Norway-based company now considers that it complies with all formal requirements for entering the main list of Oslo Bourse, which it expects to do on 3 June 2002.

Norwegian fish products firm Leroy Seafood Group has revealed that it has raised 320m Norwegian crowns (US$38.6m) in the two stock issues carried out in April and May of this year.

CEO Ole-Eirik Leroy added that the Bergen, western Norway-based company now considers that it complies with all formal requirements for entering the main list of Oslo Bourse, which it expects to do on 3 June 2002.

According to the Norwegian business daily Dagens Naeringsliv, the company posted a pre-tax profit of 56.2mln Norwegian crowns for 2001, up from 51.8m crowns for the previous year.

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