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Origin Enterprises Plc Announces Disposal Of Marine Proteins And Oils JV Interest


Thursday, 4 Jul 2013 02:00am EDT 

Origin Enterprises Plc announced that it has reached conditional agreement to dispose of its 50% interest in its Marine Proteins and Oils joint venture, Welcon Invest AS (Welcon), to its joint venture partner Austevoll Seafoods ASA ('Austevoll') for a cash consideration of NOK740 million equivalent to approximately EUR93 million at current exchange rates. The Transaction is subject to a number of conditions including clearance from Competition Authorities and is expected to complete during the first half of 2014 financial year. 

Company Quote

8.1
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24 Dec 2014