Cermaq has done all efforts to acquire 43 percent of stake in MAFA through several transactions. The company had announced its intention to present a mandatory offer to acquire the remaining shares in the company. And now Cermaq has entered into an agreement to divest all its shares in MAFA to Morpol ASA at a price of NOK 18.50 per share.
Cermaq has completed its transactions this week and sold its whole shares to Morpol, which now become the significant owner in MAFA. Cermaq considers that Morpol is in a position to develop MAFA’s activity in Scotland in a positive way and that a sale of Cermaq’s shares to Morpol is a good financial solution for Cermaq.
CEO Geir Isaksen said that Cermaq and its employees are happy with this transaction. he told that there was active contribution to solve a complicated ownership situation for the company, secured a solid financial result for Cermaq and at the same time ensured to maintain a significant financial capacity for growth within the company’s core business.
