October 21, 2014 / 7:07 AM / 4 years ago

Mitsubishi gets 91 percent of Cermaq in bid

OSLO (Reuters) - Japan’s Mitsubishi Corp (8058.T) acquired 91 percent of Norwegian salmon farmer Cermaq CEQ.OL in a $1.4 billion bid for the firm, which holds extensive fishing assets in Norway and Chile, it said on Tuesday.

Although some investors expected a competing bid, the deal was essentially sealed on Monday when the Norwegian government, which holds 59 percent of the firm, sold its shares to Mitsubishi.

Reporting by Balazs Koranyi

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