Cermaq ASA: Update on EWOS sales process
July 08 2013 - 2:54AM
Reference is made to the stock exchange notice of
17 June 2013 concerning an offer for Cermaq's EWOS business.
Cermaq has, as stated in the notice, provided the
named Investor Group three weeks of exclusive access to EWOS
management. This exclusivity period has now lapsed, but
negotiations are ongoing and progressing in accordance with agreed
and expected timelines. In addition, Cermaq has received another
competitive indicative bid for EWOS which will be pursued in
parallel.
As previously announced, the aim remains to have a
definitive agreement for the sale of EWOS executed in mid-July. An
extraordinary general meeting to authorize the sale is scheduled
for 11 July 2013.
For further information please contact:
CEO Jon Hindar phone +47 23 68 50 10,
mobile: +47 977 48 829
CFO Tore Valderhaug 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. For more information see 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
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