Cermaq ASA (CEQ) divest all its shares in Marine Farms ASA to Morpol ASA
(Thomson Reuters ONE) -
Oslo, 17.september 2010: Cermaq ASA has sold all its shares in Marine Farms ASA
(MAFA) to Morpol for NOK 18.50 per share.
Through several transactions 14. September 2010 Cermaq obtained an ownership in
MAFA of 43%, and announced its intention to present a mandatory offer to acquire
the remaining shares in the company.
Cermaq has now entered into an agreement to divest all its shares in MAFA to
Morpol ASA at a price of NOK 18.50 per share.
As Cermaq completed its transactions this week, Morpol acquired a significant
ownership in MAFA. Based on this situation, Cermaq considers that Morpol is in a
position to develop MAFA's activity in Scotland in a positive way and that a
sale of Cermaq's shares to Morpol is a good financial solution for Cermaq.
"We are overall very pleased with this transaction", CEO Geir Isaksen states in
a comment. "We have actively contributed to solve a complicated ownership
situation for the company, secured a solid financial result for Cermaq and at
the same time ensured that we maintain a significant financial capacity for
growth within our core business".
The Transaction
Cermaq has sold a total of 15.8 million shares corresponding to 43.0 % of the
shares in MAFA at a total sales proceeds of NOK 292 million or NOK 18.50 per
share. Cermaq owns following the transaction no shares in MAFA.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Further information - please contact:
Geir Isaksen, CEO, phone: + 47 23 68 50 10, mobile: + 47 91 34 82 81
Tore Valderhaug, CFO phone: + 47 23 68 50 38, mobile: + 47 99 56 09 25
About Cermaq
Cermaq is an international group of companies with activities in fish farming,
production of salmonid feed and research in aquaculture. Cermaq has operations
in Norway, Chile, Canada and Scotland, the main geographic regions for salmon
and trout farming. Through its EWOS subsidiary, Cermaq ranks as the world's
second largest producer of feed for salmonids. The Mainstream subsidiary is one
of the world's leading farming companies of salmon and trout. The group had
sales of around 9 billion in 2009, and employed 2 540 end of June 2010. Cermaq
is listed on the Oslo stock exchange with ticker code CEQ.
www.cermaq.com
[HUG#1444992]
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Source: Cermaq ASA via Thomson Reuters ONE
Datum: 17.09.2010 - 07:23 Uhr
Sprache: Deutsch
News-ID 42696
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