Scottish Salmon Company 'considering sale offers'

The Scottish Salmon Company (SSC) has disclosed that it is considering a potential sale of the firm.

The Edinburgh-based salmon producer said it had received several formal expressions of interest to purchase part or all of the company.

Oslo-listed SSC said a sale was among several "strategic options" being considered as part of a review it launched in April.

According to SSC, the review aims to "maximise value" for shareholders.

The firm has about 60 sites in Scotland, with more than 600 employees.

In a stock exchange announcement, SCC said: "The review is ongoing and progressing in line with expectations.

"Among the options being considered within the framework of the review are several formal, non-binding expressions of interest to purchase part or all of the company that have been received by the company via its financial advisor Daiwa Corporate Advisory Limited."

It added: "No assurance can be given that any specific outcome will be proposed or completed as a result of this process."

SSC said it expected the review to conclude by September.

The company reported revenues of £53.5m for the first quarter of this year - up from £43.3m in the same period of last year.

Harvest volumes increased by 22% to 8,725 tonnes, with revenue per kilo also increasing in the quarter, driven by continued strong prices.