SalMar ASA has reached agreement on the acquisition of 13.45 per cent of the shares in Villa Organic AS for a total price of NOK 47.8 million. Following the transaction, SalMar ASA will control 49.72 per cent of the company's shares. In addition, SalMar has entered into an option agreement entitling SalMar to acquire a further 0.7 per cent of the shares in Villa Organic AS.
Villa Organic AS is a fully integrated aquaculture enterprise, with operations along the entire value chain. Its fish farming activities are located in Finnmark. The group has a total of 16 licences for the production of farmed salmon, and expects to harvest 13,000 tonnes in 2013.
For more information, please contact:
Yngve Myhre, CEO, tel: +47 916 30 174
Trond Tuvstein, IR, tel: +47 918 53 139
E-mail: ir@salmar.no
Web: www.salmar.no
About SalMar
SalMar is one of the world's leading producers of Atlantic salmon and is integrated from broodstock, roe and smolt to value added products and sales. SalMar have significant farming operations in both Central and Northern Norway, as well as in Scotland through 50% ownership in Scottish Sea Farms and the Faroe Islands through 25.2% ownership in P/F Bakkafrost. SalMar also operate a comprehensive harvesting and VAP facility in Central Norway at the company's headquarter at InnovaMar on Frøya and on Vikenco at Aukra.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.