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AKVA Group ASA enters into agreement with Egersund Group AS to acquire YesMaritime AS


Wednesday, 22 Jan 2014 01:59am EST 

AKVA Group ASA:Enters into an agreement with Egersund Group AS, to acquire 100 pct of the shares in the aquaculture farming services company YesMaritime AS for a price of 17.5 mln Norwegian crowns.Says YesMaritime AS was established in 1985 and has developed to become one of the larger aquaculture farming service companies in Norway.Says 8.5 mln Norwegian crowns of the purchase price will be paid in cash on completion.Says the remaining 9 mln Norwegian crowns will be settled in the form of a two-year seller credit from Egersund Group AS on market terms and conditions.Says the completion of the transaction is expected to take place at the end of the first quarter of 2014. 

Company Quote

24.4
0.1 +0.41%
23 Jul 2014