Looking for a specific product?

Make a search for products & suppliers, articles & news.

The Norwegian State is prepared to sell its shares in Cermaq ASA

The Ministry of Trade, Industry and Fisheries is prepared to sell the State’s shares in the fish-farming company Cermaq under terms and conditions outlined in today’s notices from Cermaq and Mitsubishi Corporation. However, the Ministry may sell the shares to any other party, if such party should present a more attractive offer than Mitsubishi.

- I am pleased that Cermaq ASA attracts interest from a prime international industrial corporation, confirming the global visibility, reach and recognition of the Norwegian fish farming industry, says Ms. Monica Mæland, Minister of Trade and Industry.

The Ministry of Trade, Industry and Fisheries, representing the Norwegian state as shareholder in Cermaq ASA, refers to the announcements from Mitsubishi Corporation and Cermaq today that Mitsubishi Corporation, through its subsidiary MC Ocean Holdings Limited, will launch a voluntary offer for all of the shares in Cermaq ASA at a price of NOK 96 per share with an offer period of minimum four weeks. The Ministry also refers to today’s statement made by the Board of Directors of Cermaq ASA recommending the offer. The state holds 54,731,604 shares in Cermaq ASA, corresponding to 59.17 % of the issued share capital.

The Ministry will respond to the offer terms within the offer period. However, based on an assessment of available opportunities for Cermaq ASA and the Board of Directors' recommendation, the Ministry has indicated to Mitsubishi Corporation that it under prevailing market terms is prepared to pursue a sale of the state’s shares in Cermaq to Mitsubishi Corporation on the terms outlined in today's announcement.

The Ministry points out that the Norwegian State may at any time before the end of the offer period decide to sell its shares in Cermaq ASA to another purchaser or offeror if an offer is made for the shares in Cermaq that the Ministry in its sole discretion finds more attractive than the offer from Mitsubishi Corporation and that it believes provides increased value to shareholders.

Carnegie AS has been the Ministry’s financial advisor in connection with the Offer.

 

Related news

Latest news

Servogear has achieved the ISO 14001: 2015 environmental certificate

The certificate provides a framework that an organization can follow,

TechnipFMC opens 18,000m² facility to support Middle East market

The opening of the 18,000 m2 facility,

INDUSTRY 4.0 WILL CHANGE ISS

The 2017 Beerenberg seminar held earlier this year addressed the fourth industrial revolution.

The upside down advocate

The hulls of the robust Polarcirkel boats consists of resistant PE plastic,

DNV GL presents GTT and TECHNOLOG with GASA statement for exoskeleton LNG tanks

The solution has been developed for VLCVs with a capacity of 14,000 to 18,000 

DNV GL: Mix of flexibility solutions needed to stabilize power grids and avoid outages

In its recently published Energy Transition Outlook report (ETO),

Marintec China: DNV GL awards DSIC a pair of AiP certificates

Lu Xiao Hui, Vice President and Chief Technical Officer of DSIC,

DNV GL partners with SP Energy Networks to develop local flexibility market and reduce carbon emissions by over 3 megatonnes

The flexibility market will be based on the Universal Smart Energy Framework (USEF),

DNV GL Supports Hawaii Counties in Department of Energy’s Better Communities Alliance

After reviewing the competitive applications,