Cermaq ASA has sold all its shares in Marine Farms ASA
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”.
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.
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