Cermaq streamlines its strategy - divests Denofa AS
May 28 2013 - 9:01AM
Cermaq's subsidiary Norgrain AS, where Cermaq
holds 72.5 percent of the shares, has declared its option so sell
its shareholding of 49 percent of the shares in Denofa AS to
Amaggi. The Brazilian company Amaggi will thereafter own all shares
in Denofa.
The sale is a part of Cermaq's strategy to divest
companies which are not part of its core business and concentrate
its engagement on aquaculture.
The transaction will be implemented in September
2013, and give Norgrain an income from sales of UDS 16.3 million.
The sales will result in a profit in Cermaq's accounts of
approximately NOK 7 million.
For further information please contact:
Geir Sjaastad, Project Director, phone +47 23 68
50 11, mobile +47 905 14 831
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
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Source: Cermaq ASA via Thomson Reuters ONE
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