01:08 AM EDT, 09/11/2026 (MT Newswires) -- Nordic Halibut (NOHAL.OL) said Thursday that it initiated a plan to absorb and subsequently dissolve its Thule Marine subsidiary. The simplified parent-subsidiary merger, to be carried out under the Norwegian Private Limited Liability Companies Act, will involve the transfer of all of Thule Marine's assets, rights and obligations to Nordic Halibut without any consideration. The fish farming company said the plan is part of efforts to streamline its group structure. Completion is expected in the fourth quarter of 2026 after Thule Marine's ongoing intra-group merger with its Tjeldbergodden Rensefisk subsidiary.

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