A consortium of Alfesca’s majority shareholders would delist the Icelandic seafood group if its bid to acquire 100% of the company’s share capital proves successful.
The consortium, led by Lur Berri, launched its takeover bid at the end of May. The offer price, of ISK4.5, represented a 40% premium over the previous month’s average share price.
The Icelandic Financial Supervisory Authority recently extended the offer period from 30 July to 17 August.
A source close to the situation said that only then will it become clear whether Alfesca’s remaining shareholders have accepted the bid.
If the takeover does go ahead, the consortium does not plan to alter the company’s operational structure, the source told just-food.
When the bid was launched, the consortium controlled 67.44% of Alfesca’s outstanding shares.