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March 27, 2008

NORWAY: Marine Harvest takes stake in Aker Seafoods

Norwegian seafood producer Marine Harvest has taken an 11.92% stake in peer Aker Seafoods.

Norwegian seafood producer Marine Harvest has taken an 11.92% stake in peer Aker Seafoods.

 

Marine Harvest purchased 5.8m shares at NOK46.28 (US$9.01) per share.

 

The purchase signals the conclusion of a previous forward contract which expires on 26 June, the Norwegian fish farmer said.

 

With the purchase Marine Harvest becomes joint second-largest shareholder in Aker Seafoods. According to Aker Seafoods, Aks Egenhandelskonto also holds 11.92% of the company. Aker Seafoods Holding is the largest shareholder with 64.95% of outstanding shares.

 

Marine Harvest has however remained tight-lipped on the strategic motivation behind the move. Speaking to just-food today (27 March) Henrik Heiberg, vice president, finance and treasury, would only say that it was a “financial investment”.

 

Heiberg declined to comment on whether Marine Harvest planned to increase its stake in the future.

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