Norwegian aquaculture company Cermaq has sold its shares in Lighthouse Caledonia to Northern Link Limited.

Cermaq yesterday (22 September) sold 250,000,000 shares in Lighthouse Caledonia, corresponding to 14.2 % of the share capital in the company to UK private equity firm Northern Link.

The price is set at NOK0.255 (US$0.44) per share and the total consideration for Cermaq's shares is NOK63.7m.

Cermaq was allocated shares for NOK25m in the private placement offered by Lighthouse Caledonia in February.