Cermaq expands production capacity in Finnmark

The owners of Polarlaks AS and Hammerfest Lakseslakteri AS have accepted a conditional offer from Cermaq to acquire 100% of the shares in the two companies.

The owners of Polarlaks AS and Hammerfest Lakseslakteri AS have accepted a conditional offer from Cermaq to acquire 100% of the shares in the two companies. The agreement is subject to a satisfactory result from a due diligence process which will be completed before February 15th.

Polarlaks has 12 concessions in the Altafjorden/Hammerfest area, with a production capacity of approx. 10,000 tonnes. 2007 production will be around 3,000 tonnes. Hammerfest Lakseslakteri has an annual processing capacity of 20,000 tonnes. The sites are located in the vicinity of existing Cermaq/Mainstream concessions in Finnmark county, Norway.

The offer implies a value per licence of approx. NOK 2.5 million.

Associated companies: