Copeinca ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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Cermaq ASA Acquires Shares in and Intends to Secure Future Control of Copeinca ASA
Cermaq ASA announced that the company has on certain conditions secured future control of more than 50% of the shares in Copeinca through agreements with Copeinca ASA and major shareholders of the Company. Cermaq will launch a voluntary offer for the remaining shares of the Company. The offer of NOK 59.70 per share values the entire share capital of Copeinca at NOK 3,492 million on a fully diluted basis, based on the shares outstanding as of April 4, 2013 prior to the share issue directed towards Cermaq ASA and excluding the proposed dividend to shareholders, corresponding to an enterprise value of NOK 4,770 million. Several of the largest shareholders, including Dyer Coriat Holding SL and Weilheim Investments SL, holding in total 22,663,230 shares in Copeinca, have entered into irrevocable agreements to sell their shares in Copeinca at a price of NOK 59.70 per share, out of which 40% will be paid in cash and 60% in Cermaq shares, and shareholders holding 342,373 shares have entered into irrevocable agreements to sell their shares for NOK 59.70 per share in cash. In addition, Cermaq has purchased 11,700,000 shares in Copeinca through a directed issue of new shares and 852,993 treasury shares from the company. The acquired shares provide Cermaq with an ownership of 17.9% of Copeinca. Together with the shares to be acquired, Cermaq controls 50.7% of Copeinca's share capital subject to approval from the shareholders of Cermaq ASA.
Latest Developments for Copeinca ASA
- China Fishery Group Ltd's Subsidiary Completes Mandatory Offer for Copeinca ASA
- Copeinca ASA Announces Preliminary Results of Mandatory Offer Made by China Fishery Group Limited's Subsidiary
- Copeinca ASA's Board Of Directors Recommends Shareholders to Accept Mandatory Offer Made by China Fishery Group Limited's Subsidiary
- China Fishery Group Ltd's Subsidiary Launches Mandatory Offer for Shares in Copeinca ASA
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