- Benchmark has signed a long-term agreement with SalMar ASA to provide genetics, health and knowledge services to the company.

Benchmark said the full suite of services was providing illustrated its leading position in the market, as well as its ability to offer a wide spread of products and solutions across the salmon's life cycle.

SalMar is one of world's leading salmon producers.

Benchmark will, through its subsidiary SalmoBreed AS, form a 50/50 joint venture for the production of SalMar's salmon strain, Rauma.

This joint venture to be called 'SalMar Genetic AS', will be formed by a demerger of SalMar's salmon production facility in Reistad, Norway.

Benchmark will take full responsibility for managing the breeding programme through its subsidiary Akvaforsk Genetics Center AS.

The agreement also includes sales of eggs from Benchmark's land based sites in Iceland and once commissioned from its Salten site in Norway.

The Benchmark group will also provide fish health services, diagnostics, and health products.

At 8:04am: [LON:BMK] Benchmark Holdings Plc Ord 0.1p share price was +0.5p at 98p

Story provided by