Akva Group ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Egersund Group AS Acquires 21.6% of Shares and Votes in AKVA Group ASA; Intends to Proceed with Mandatory Offer to Acquire Remaining Shares
AKVA Group ASA announced that Egersund Group AS has on December 3, 2012, acquired 5,576,844 shares in AKVA Group ASA, equivalent to 21.6% of the shares and votes in the Company at a price of NOK 11.25 per share. After this acquisition, Egersund Group AS holds a total of 12,918,185 shares constituting 50.01% of the share capital of the Company. Egersund Group AS is due to ownership represented on the Company's Board of Directors, and thus considered a primary insider of the Company pursuant to the Norwegian Securities Trading Act section four to two (one). The acquisition triggers a mandatory offer for the remaining shares pursuant to the Norwegian Securities Trading Act chapter six, since Egersund Group AS now discloses a shareholding in excess of the mandatory offer threshold of 50 %. Egersund Group AS has announced that it intends to proceed with a mandatory offer to acquire the remaining shares in the Company at a price of NOK 11.25 per share. Egersund Group AS has engaged Pareto Securities as financial advisor and Wikborg Rein as legal advisor.
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