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Salmar ASA Acquires Villa Organic AS


Wednesday, 12 Jun 2013 11:46am EDT 

Salmar ASA announced that it agreed on June 12, 2013 to exercise an option to acquire a further 0.7% of the shares in Villa Organic AS for a total consideration of NOK 2.5 million. Following this transaction the Company will control 50.42% of the company's shares. Completion of the transaction is subject to the approval of the Norwegian competition authorities. Villa Organic AS becomes, from June 12, 2013 a subsidiary of the SalMar Group. The business will report as a separate segment with effect from the second quarter of 2013. Villa Organic AS is a fully integrated aquaculture enterprise, with operations along the entire value chain. Its fish farming activities are located in Finnmark. 

Company Quote

112.0
-1.0 -0.88%
11 Jul 2014