Cermaq subsidiary Norgrain has disposed of its holdings in Denofa, selling off its shares for NOK 99 million (USD 16.3 million, EUR million) in cash, according to a disclosure by the company.
In the disclosure, Norgrain indicated it was selling the 490 shares — a 49 percent holding in Denofa — to Brazilian Group Amaggi.
“The sale is a part of Cermaq's strategy to divest companies which are not part of its core business and concentrate its engagement on aquaculture,” Cermaq said in the disclosure. “The Cermaq Group owns no shares directly or indirectly in Denofa AS following this transaction.”
In related Cermaq trade news, another shareholder is selling off his holdings in the company. Douglas Low has disclosed he has sold 900 shares in the company at a price of NOK 103.9 (USD , EUR ) per share. The disclosure noted these are all the holdings Low had in the company.
