Morpol ASA: EU Comission approves Marine Harvest acquisition of Morpol Press Release Morpol ASA - EU Commission approves Marine Harvest acquisition of Morpol Oslo, 30th September 2013: Morpol ASA (OSE: MORPOL) Reference is made to the mandatory offer (the "Offer") made by Marine Harvest ASA ("Marine Harvest") to acquire all outstanding shares in Morpol ASA ("Morpol"). The EU Commission has today approved the completion of the Offer, subject to certain conditions. Marine Harvest is to divest 18,000 tonnes of farming capacity in Shetland (11,000 tonnes) and Orkney Islands (7,000 tonnes), currently operated by Morpol. In addition the company is to divest freshwater capacity and processing plants in the same areas. With the approval of the transaction, Marine Harvest has the right to vote for all its shares in Morpol. "We are very excited about Morpol joining the Marine Harvest Group. This is the start of the next big phase of the development of Morpol", says CEO of Morpol, John-Paul McGinley. For further information, please contact: Piotr Kapinos, Chief Financial Officer, firstname.lastname@example.org, phone +48512400 151 About Morpol The Morpol Group is engaged in salmon processing as well as sale and distribution of finished salmon products. The Morpol Group's main products are: cold and hot smoked salmon, gravadlax, fresh salmon fillets, frozen salmon portions, organic salmon, wild salmon and salmon specialties. The Morpol Group also has salmon farming activities in Scotland since 2010 and Norway since 2011. The Morpol Group had revenue of approximately EUR 502.7 million in 2012. Founded in 1996 in Ustka on the Baltic coast of Poland, the company employs over 4 000 people in nine countries. Morpol Group is the world leader in smoked salmon. The company has achieved its world leading position through the efficiency of processing activities, a constant focus on product quality and service provided to retail and food service customers. Morpol serves customers across Europe, Japan and the United States. For more information, please visit our web site at www.morpol.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Press release - acquisition ------------------------------------------------------------------------------ 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: Morpol ASA via Thomson Reuters ONE HUG#1732557
Morpol ASA: EU Comission approves Marine Harvest acquisition of Morpol
Press spacebar to pause and continue. Press esc to stop.