OSLO: Mowi ASA has announced an agreement to divest its 50% stake in DESS Aquaculture Shipping to an entity controlled by Antin Infrastructure Partners.
Mowi has invested EUR 60m in DESS Aquaculture Shipping to date and our share of proceeds is EUR 115m. Mowi will recognise a gain of approximately EUR 55m in Financial EBIT in our P&L upon closing.
Closing of the transaction is subject to, inter alia, customary closing conditions.
The company’s primary interest is fish farming, primarily salmon, the operations of which are focused on Norway, Scotland, Canada, the Faroe Islands, Ireland and Chile. The group has a share of 25 to 30% of the global salmon and trout market, making it the world’s largest company in the sector.
Leave a Reply