Seaboard Corporation (Amex: SEB) yesterday announced that it has completed the sale to Fjord Seafood ASA (Fjord) of its ownership interest in ContiSea, LLC, which engages in the production, processing and sale of salmon and seafood products through its two subsidiaries, Atlantic Salmon (Maine) Limited Liability Company and Ducktrap River Fish Farm, LLC. Pursuant to the transaction, Seaboard received shares of Fjord, which are traded on the Oslo Stock Exchange. As a result of the transaction, Seaboard will recognize a pre-tax gain of approximately $18,000,000. Fjord is engaged in the production and processing of salmon in Norway and Chile
Seaboard Corporation is a diversified agribusiness and transportation company primarily engaged in domestic pork production and processing, and cargo shipping. Overseas, Seaboard is primarily engaged in commodity merchandising, flour and feed milling, produce farming, sugar production and electric power generation.
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