OSLO May 10 Lansdowne Partners, second biggest
shareholder in Norwegian fishing firm Cermaq, said on
Friday it would vote against Cermaq's proposed acquisition of
Peruvian fishmeal firm Copeinca.
"This decision reflects our belief that the potential
benefits of fish farming consolidation (for both shareholders
and the industry as a whole) are sufficiently high to warrant
full consideration by all participants," Lansdowne Partners
According to Cermaq's website, Lansdowne Developed Markets
Master held 6.57 percent of Cermaq as of May 6, while Lansdowne
UK Strategic Inv Master held 0.93 percent.
Marine Harvest, the world's biggest fish farmer, has made a
hostile bid of $1.7 billion for state-controlled Cermaq on the
condition that its board's proposal to acquire Copeinca is
The Norwegian government, which owns 43.5 percent of Cermaq,
has said the 105-crown-per-share bid is too low.
(Reporting by Victoria Klesty)