M&A Activity • Dec 24, 2014
M&A Activity
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Marine Harvest (OSE:MHG, NYSE:MHG): COMPLETION OF ASSET PURCHASE TRANSACTION
With reference to the stock exchange announcement 15 September 2014, Marine
Harvest is pleased to announce that the purchase of the assets of the former
Chilean farming company Acuinova S.A. is completed. The agreed purchase price
for the assets is USD 125 million which is USD 5 million higher than the
initially stated purchase price to reflect a higher biomass at sea. The asset
purchase is subjected to VAT of approximately USD 10 million and will be
financed temporarily by Marine Harvest. The VAT is fully refundable.
For queries, please contact:
Alf-Helge Aarskog (CEO) +47 905 97 529
Ivan Vindheim (CFO) +47 958 71 310
Forward-looking Statements
This press release may be deemed to include forward-looking statements, such as
statements that relate to the production capacity of the acquired assets, the
expected 2015 harvest volume of the acquired assets and the expected closing of
the transaction and its timing. Forward-looking statements are typically
identified by words or phrases, such as "expect" and similar expressions or
future or conditional verbs such as "may," "will," "may", "should," "would," and
"could." Forward-looking statements are Marine Harvest's current estimates or
expectations of future events or future results. Actual results could differ
materially from those indicated by these statements because the realization of
those results is subject to many risks and uncertainties, including operational
factors that may affect the production capabilities of the acquired assets and
failure to satisfy conditions precedent for the acquisition. All forward-looking
statements included in this press release are based on information available at
the time of the release, and Marine Harvest assumes no obligation to update any
forward-looking statement.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1883551]
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