Cermaq ASA : Voluntary offer for all shares in Copeinca will not be completed; Positive towards other structural solutions for Cermaq
(Thomson Reuters ONE) -
Based on the outcome of the annual general meeting on 21(st) May 2013, the Board
of Directors of Cermaq ASA has today decided that the voluntary offer on all
shares in Copeinca, which was announced 5(th) April, will not be completed. At
the same time the Board decided not to accept the present voluntary offer from
China Fishery Group. Cermaq supports the Board of Copeinca exploring value
creating solutions for the company's shareholders.
Through several years, Cermaq has contributed to consolidation within the fish
farming industry and still wishes to have an active role in such value creating
processes. The Board notes the communication from Marine Harvest ASA (MHG) where
the company expresses its intension to present an offer with a higher price
level and a different structure. Cermaq has through its advisors initiated
contact with MHG, and the Board of Cermaq is positive to enter into a
constructive dialogue if MHG chooses to present an offer with a price and
structure which the Board of Cermaq finds appropriate to evaluate.
In parallel, the Board of Cermaq pursues alternative strategic solutions to an
acquisition by MHG and has established dialogue with other interested parties
regarding solutions that may be attractive to the company's shareholders.
The Board reiterates its commitment to deliver value to its shareholders
consistent with the Board's view on the underlying value of Cermaq.
Further information - please contact:
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
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, Scotland, the main geographic regions
for salmon and trout farming, and in Vietnam. Through its business unit EWOS,
Cermaq ranks as the world's largest producer of feed for salmonids. The business
unit Mainstream is one of the world's leading farming companies of salmon and
trout. The group had sales of around NOK 11.8 billion in 2012. Cermaq is listed
on the Oslo stock exchange with ticker code CEQ. www.cermaq.com
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
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cermaq ASA via Thomson Reuters ONE
[HUG#1704215]
Datum: 23.05.2013 - 16:26 Uhr
Sprache: Deutsch
News-ID 263088
Anzahl Zeichen: 3144
contact information:
Town:
Oslo
Kategorie:
Business News
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"Cermaq ASA : Voluntary offer for all shares in Copeinca will not be completed; Positive towards other structural solutions for Cermaq"
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