Alfesca has sold the Norwegian fish trading company Christiansen Partner AS to
CP Holding AS, a company controlled by John Synnes, the Managing Director of
Christiansen Partner.
Following the divestment, Alfesca will have no further interest in the fish
trading business, in line with its strategy to be focussed on the production
and marketing of value added products.
The results of Christiansen Partner will be categorised as discontinued
operations in the financial statements of Alfesca for the financial year ending
June 2008. The total sales of Christiansen Partner amounted to €25.4 million
for the 2006/07 financial year. The book value of the gross assets of the
Company being sold was €2.5 million, as at 31 December 2007. The divestment is
expected to have a small but positive impact on Alfesca's results.
For further information, please contact:
Antony Hovanessian
Business Development Director
+354 477 7000
ah@alfesca.com
Hrefna Ingolfsdottir
Head of Corporate Communications
+354 477 7000
hi@alfesca.com
About Alfesca
Alfesca is a leading European producer in its selected categories of smoked
salmon and other fish; foie gras and duck products; prawns and shellfish and
blinis and spreadables. The Company's products are sold under its own brand
names, including Labeyrie, Blini, Delpierre, Skandia, Lyons and Farne. The
Company also has a substantial presence in the private label markets in the UK,
France and Spain. Annual turnover is €616 million and 3,500 employees work for
the Group.
Alfesca is listed on OMX Nordic Exchange in Iceland (OMXI: A).
Information about Alfesca can be found on: http://www.alfesca.com
