Cermaq ASA : The Norwegian Government supports Cermaq's acquisition of Copeinca and rejects the potential offer from Marine H...
14 Maggio 2013 - 6:37PM
In a statement to the
Parliament today, the Minister of Trade and industry Mr. Trond
Giske, made it clear that the Government will vote in favour of the
Copeinca transactions to be addressed at Cermaq's Annual General
Meeting 21 May. At the same time he also stated that the
Government after a thorough evaluation has concluded that the
potential offer from Marine Harvest ASA is too low and will not be
accepted by the State.
-We are pleased
that the Government supports our view that Copeinca is
strategically important to Cermaq, and that the proposed offer from
Marine Harvest is priced too low, states CEO Jon
Hindar.
The Norwegian State owns 43.5 percent of the
shares in Cermaq. Marine Harvest has announced a potential offer on
the Cermaq shares and stated that such potential offer may be
conditional of acceptance from 2/3 of the shareholders in
Cermaq. This will not be possible without the support from
the State.
- It is important to Cermaq's shareholders to note
that the Government now has concluded its evaluation of the
potential offer from Marine Harvest. The State is not accepting
the potential offer, and this means that such offer if
launched cannot obtain the acceptance level indicated by
Marine Harvest, says Jon Hindar.
The Board of Cermaq is of the opinion that it
would be unfortunate if Cermaq's shareholders were to miss out on a
value creating transaction, based solely on a potential offer that
has been deemed too low, and for which it now anyway appear
unlikely that can get sufficient support.
The Board solicits the shareholders to support
value creation and a forward looking strategic positioning of the
company, by supporting the Board's proposition on the 21st of May
2013
Shareholders can contribute in person or through
proxy to the Chairman of the Board. The proxy form is available on
www.cermaq.com
Further information:
Jon
Hindar, CEO,
phone: +47 23 68 50 10, mobile: + 47 977 48 829
Tore Valderhaug, CFO, phone: + 47 23 68 50 38, mobile: +47 995 60
925
This information is subject
of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Cermaq ASA via Thomson Reuters ONE
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