November 13, 2013

Marine Harvest ASA has acquired 28.8 million shares, which are worth NOK22 (US$3.67) each, of its rival company Grieg Seafood, and thus holds 25.8% of the share capital in the firm.

The total transaction amounted to NOK634 million (US$105.1 million).

"For us this is a transaction and an investment," expressed Alf-Helge Aarskog, Marine Harvest CEO.

Several business analysts consider this move can be beneficial to boost Grieg's capacity if Marine Harvest takes control of the firm by making an agreement with its main owner, Grieg Holding.

Marine Harvest reported an encouraging outlook at the end of October this year after achieving sound results in the third quarter. Its acquisition of Morpol had been approved of, which constituted a significant step for the business.

Morpol will add quality and variety to Marine Harvest's high quality products, according to Alf-Helge Aarskog.

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