Norwegian group Stolt-Nielsen is pressing ahead with an initial public offering for its fish farm business, but is not yet ready to spin off Stolt Tankers.
The Oslo-listed company announced it has brought in investment banks ABG Sundal Collier and Pareto Securities as financial advisors to evaluate a potential listing for Stolt Sea Farm this year.
Stolt-Nielsen intends to remain a majority shareholder in the unit as it continues to develop its position within land-based aquaculture and roll out new flow-through technology.
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