Iglo owner Permira makes bid for EWOS

Private equity firm Permira has stepped in with a bid for Norwegian state-controlled Cermaq’s fish feed arm worth more than USD 1 billion (EUR 763 million), two sources familiar with the situation said on Friday.

Fish farmer Cermaq said on Monday it had received a rival indicative offer for the unit, EWOS, which oustripped a 6.2 billion crown (USD 1 billion) bid from private equity firms Bain and Altor.

“A bid from Permira is on the table,” one of the sources said, adding that Permira was being advised by Morgan Stanley and had one week to conduct due diligence.

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