Marine Harvest ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Marine Harvest ASA Acquires Controlling Stake in Morpol ASA
Morpol ASA announced that on December 17, 2012 Marine Harvest ASA has acquired 48.5% of the shares in Morpol from parties controlled by Jerzy Malek. On March 25, 2013 Marine Harvest ASA purchased another shares giving the effective shareholding of 87.09% in Morpol ASA. The transaction must be approved by the EU (European Union) Commission that enables Marine Harvest ASA to execute voting rights for the acquired shares on the General Meetings of the Issuer. The approval from the EU Commission is expected to be issued in the second half of 2013, however a change of control event has occurred. According to the Bond Agreement, a right of pre-payment (a Put Option) at a price of 100% pf par plus accrued interest is triggered by a change of control event. The Put Option may be exercised before June 29, 2013.
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