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Cermaq ASA Updates on EWOS Sales Process

Monday, 8 Jul 2013 02:53am EDT 

Cermaq ASA announced with reference to the announcement from June 17, 2013 concerning an offer for the Company's EWOS business that it has, as stated in the announcement, provided the named Investor Group three weeks of exclusive access to EWOS management. This exclusivity period has lapsed, but negotiations are ongoing and progressing in accordance with agreed and expected timeliness. In addition, Cermaq has received another competitive indicative bid for EWOS which will be pursued in parallel. As previously announced, the aim remains to have a definitive agreement for the sale of EWOS executed in mid-July 2013. An extraordinary general meeting to authorize the sale is scheduled for July 11, 2013. 

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11.75 +13.99%
22 Sep 2014