AKVA group ASA entered into a letter of intent with Future Sea Technologies Inc (FST) for the acquisition of the company's assets in September 2007.
Reference is made to AKVA group ASA's stock exchange announcement on 17 September 2007. AKVA group ASA has resolved not to carry out the acquisition.
Bryne, 17 December 2007
AKVA group ASA
CONTACTS:
Knut Molaug, Chief Executive Officer
Phone: +47 51 77 85 40
Email: kmolaug@akvagroup.com
Rolf Andersen, Chief Financial Officer
Phone: +47 51 77 85 48
E-mail: randersen@akvagroup.com
AKVA group is the leading provider of technology to the fish farming industry and the only with global distribution. The products consist of software, sensor systems, feed systems and cage systems.