Uncertainty for Uniol does not affect Cermaq
(Thomson Reuters ONE) - Reference is made to a press release from Uniol AS dated 22 November2009 concerning shutdown of operations as well as the recent mediareports relating to potential introduction of tax on biodiesel.Cermaq has a direct ownership of 12.9 percent in Uniol. In additionCermaq's subsidiary Norgrain AS, of which Cermaq holds 72.5 percent,holds 27.1 percent of the shares in Uniol. Book value of CermaqGroup's total engagement in Uniol is NOK 85 million.The engagement in Uniol is not part of Cermaq's core business, andany discontinuation of Uniol's activity will not have any cash effectfor the Cermaq Group.Cermaq will consider any accounting effects of its investment whenthe outcome of Uniol's situation is clarified.Further information - please contact:Geir Sjaastad, Project Director, phone: + 47 23 68 50 11, mobile: +47 90 51 48 31Tore Valderhaug, CFO, phone: + 47 23 68 50 38, mobile: + 47 99 56 0925About CermaqCermaq is an international group of companies with activities in fishfarming, production of salmonid feed and research in aquaculture.Cermaq has operations in Norway, Scotland, Canada and Chile, the maingeographic regions for salmon and trout farming. Through its EWOSsubsidiary, Cermaq ranks as the world's second largest fish feedproducer. The Mainstream subsidiary is the second biggest farmer ofsalmon and trout in the world. The group had sales of over NOK 9.8billion in 2008. Per 30 September 2009 the group employs around 2 500people. Cermaq is listed on the Oslo stock exchange with ticker codeCEQ.www.cermaq.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 23.11.2009 - 08:34 Uhr
Sprache: Deutsch
News-ID 8717
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