Share issue in Seaweed Energy Solutions AS

Seaweed 2

In May 2014, North Bridge advised Seaweed Energy Solutions AS (SES) in connection with a private share issue of NOK 33 million which involved 8 investors. The proceeds from the share issue were utilized to expand the company’s operations, including the installation of a new drying plant for seaweed on Hitra and various R&D activities.

SES is a pioneer enterprise and a leading player in Europe within  catching and processing of wild seaweed, and in cultivating seaweed based on a patented technology. The global market for seaweed is large and increasing, particularly demand is growing in Asia. Seaweed has many applications, and is one of the raw materials in many different products like alginates, medicine, animal and fish feed, fertilizers and many others.

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