Cermaq ASA : The Norwegian Government supports Cermaq's acquisition of Copeinca and rejects the potential offer from Marine Harvest
(Thomson Reuters ONE) -
In a statement to the Parliament today, the Minister of Trade and industry Mr.
Trond Giske, made it clear that the Government will vote in favour of the
Copeinca transactions to be addressed at Cermaq's Annual General Meeting 21
May. At the same time he also stated that the Government after a thorough
evaluation has concluded that the potential offer from Marine Harvest ASA is too
low and will not be accepted by the State.
-We are pleased that the Government supports our view that Copeinca is
strategically important to Cermaq, and that the proposed offer from Marine
Harvest is priced too low, states CEO Jon Hindar.
The Norwegian State owns 43.5 percent of the shares in Cermaq. Marine Harvest
has announced a potential offer on the Cermaq shares and stated that such
potential offer may be conditional of acceptance from 2/3 of the shareholders in
Cermaq. This will not be possible without the support from the State.
- It is important to Cermaq's shareholders to note that the Government now has
concluded its evaluation of the potential offer from Marine Harvest. The State
is not accepting the potential offer, and this means that such offer if
launched cannot obtain the acceptance level indicated by Marine Harvest, says
Jon Hindar.
The Board of Cermaq is of the opinion that it would be unfortunate if Cermaq's
shareholders were to miss out on a value creating transaction, based solely on a
potential offer that has been deemed too low, and for which it now anyway appear
unlikely that can get sufficient support.
The Board solicits the shareholders to support value creation and a forward
looking strategic positioning of the company, by supporting the Board's
proposition on the 21(st) of May 2013
Shareholders can contribute in person or through proxy to the Chairman of the
Board. The proxy form is available on www.cermaq.com
Further information:
Jon Hindar, CEO, phone: +47 23 68 50 10, mobile: + 47 977 48 829
Tore Valderhaug, CFO, phone: + 47 23 68 50 38, mobile: +47 995 60 925
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
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Source: Cermaq ASA via Thomson Reuters ONE
[HUG#1701791]
Datum: 14.05.2013 - 18:37 Uhr
Sprache: Deutsch
News-ID 259927
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"Cermaq ASA : The Norwegian Government supports Cermaq's acquisition of Copeinca and rejects the potential offer from Marine Harvest"
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