BioMar enters into agreement to divest ownership stake in Aqua Gen AS BioMar has in cooperation with 3 other shareholders entered into an agreement to divest a collective ownership stake of 50.2 % in Aqua Gen AS to EW GROUP GmbH. EW Group GmbH is a leading supplier of genetic material for the poultry industry. The majority owner is expected to contribute to the continued growth of Aqua Gen As and the long term development of the aquaculture industry. BioMar's ownership stake amounts to 5.2 % of the share capital in Aqua Gen AS. Divestment of BioMar's ownership stake is expected to result in net proceeds of approx. DKK 40 million. At the end of 3rd quarter 2007 the ownership stake was in the accounts of BioMar at a value of approx. DKK 4 million. BioMar's profit of approx. DKK 36 million is not taxable. The agreement is conditional upon approval by relevant authorities as well as the board of directors of Aqua Gen AS. Furthermore the remaining shareholders in Aqua Gen AS has a first right of refusal to acquire the shares (at the same price and terms). The transaction is expected to be completed during 1st quarter 2008. Aqua Gen AS is a Norwegian company with activities within breeding of Atlantic salmon and rainbow trout. The company is the largest suppliers of eggs to farming of Atlantic salmon and rainbow trout. BioMar has been a shareholder of Aqua Gen AS since 1993. During the last years the ownership stake has been considered a financial investment. Outlook for 2007 As the transaction is not expected to be completed in 2007 there are no changes to the expectations for EBIT and results before tax for 2007. Yours faithfully, Jens Bjerg Sørensen Nils Agnar Brunborg Chairman of the Board CEO Contacts: CEO Nils Agnar Brunborg, tel. +45 25 50 50 18 Investor Relations Manager Jens Michael Haurum, tel. +45 96 61 31 24
BioMar Holding A/S - BioMar enters into agreement to divest ownership stake in Aqua Gen AS
| Source: BioMar Holding A/S