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Provider: Wright Reports
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Cermaq ASA Announces Definitive Agreement for Sale of EWOS at Enterprise Value of NOK 6.5 Billion Reached with Altor and Bain Capital; Expects to Conduct Extraordinary Distribution


Thursday, 18 Jul 2013 09:44am EDT 

Cermaq ASA announced that the Company has entered into a definitive share purchase agreement with Altor Fund III GP Limited and Bain Capital Europe, LLP regarding the sale of EWOS. The purchaser will be a Norwegian company established by funds advised by Altor and Bain Capital for this purpose. The agreed consideration implies an enterprise value of EWOS of NOK 6.5 billion, and will be payable in cash upon completion. The transaction is expected to close by the end of October 2013. Subject to completion of the transaction, the Company expects an extraordinary distribution to Cermaq's shareholders of around NOK 4.5 - 5.0 billion, or between NOK 48 and NOK 54 per share. 

Company Quote

81.0
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22 Aug 2014