The information revealed that the deal was finalised when Aker acquired the remaining 40 percent of the business. The acquisition is in accordance with an option contract entered into in 2007. In total Aker is paying seven million euros and one million for the remaining shares. The amount includes purchasing price in accordance with the option contract, interests, and payment of various outstanding issues between Aker Seafoods and the seller.
News report says Pesquera Ancora has fishing rights and cod quotas in the Barents Sea and in Canadian waters. Quotas have increased both in the Barents Sea and in Canadian waters after Aker Seafoods made its investment in 2007. Aker Seafoods CEO Liv Monica Stubholt said that the company will follow its business plan while optimizing its operations in the Spanish harvesting company.
He added that Aker’s business plans of cultivating the business and increase company profits and that could be their target in the Spanish company. Since 2007, the company cod quotas in the Barents Sea have increased by 30 percent, totalling approximately 3 100 tonnes in 2010. Pesquera Ancora’s two Spanish trawlers have harvested about two-thirds of their 2010 quotas and will end this year’s season with a last delivery in Vigo, Spain in August.
