Japanese conglomerate Mitsubishi received acceptances from owners of 90.97 percent of Cermaq shares for its acquisition offer by the time the acceptance period ended on Monday.
The voluntary cash tender offer for 100 percent of the shares of Cermaq ASA, dated 22 September, was made by MC Ocean Holdings Ltd., a UK-based private equity limited liability company owned by Mitsubishi Corporation.
The Offeror has received acceptances for a total of 84,145,725 shares. Neither the Offeror nor any of its related parties hold other shares or rights to shares of the company.
MC Ocean Holdings will, in accordance with set terms, issue a notification through the Oslo Stock Exchange when the conditions for completion of the offer have been met, waived or failed to be met.
The Norwegian government, as well as CEO Jon Hindar and Rebekka Glasser, chairman of the board, are selling their stakes in the salmon-farming company.
