Marine Harvest was rejected by Cermaq, but now takes the great consolidator instead grabbed in Chile. The stock market is facing a thumbs up.
The article is added to your reading list.
Marine Harvest rose 5.8 percent and was Monday’s winner on the Oslo Stock Exchange on news that the company’s operations in Chile merged into the listed aquaculture company Aqua Chile. Higher do not share price has been since 2003.
Immediately it seems as if Aqua Chile is in the driving seat and acquire Marine Harvest’s operations in Chile, but it’s an illusion. Marine Harvest running the show and ends up probably as the owner of the entire Aqua Chile.
The main index Marine Harvest relinquishes its Chile operations to listed Aqua Chile in exchange for a stake of 42.8 percent in Aqua Chile. Aqua Chile is the acquiring company and will remain as a listed company on the Santiago Stock Exchange.
Included in the transaction is an option to Marine Harvest in the period 15 June 2016 to 15 June 2017 to Bid on the remaining shares in Aqua Chile. The current shareholders of Aqua Chile has committed to sell a number of shares that ensures Marine Harvest a stake of at least 55 per cent if the bid is submitted.
No comments:
Post a Comment