Cermaq divests Denofa AS to concentrate on aquaculture

May 28, 2013 17:34

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, according to Cermaq.

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.

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