Cermaq to offload fishmeal mill

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Publish time: 27th June, 2013      Source: Fishnewseu
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CHINA Fishery Group has made a voluntary offer for Cermaq's shares in the Peruvian fishmeal and fish oil producer Copeinca.

The board of Cermaq has previously expressed its support to the efforts of Copeinca of finding a strategic solution for all shareholders in the company. Cermaq therefore welcomes the voluntary offer for all the shares in Copeinca from China Fishery Group and has entered into a pre acceptance agreement for all shares owned by Cermaq ASA.

A completion of the voluntary offer will provide Cermaq with total proceeds of approximately NOK 928 million, which amounts to a gain of NOK 114 million.