Marine Harvest completes Morpol acquisition
Marine Harvest has completed the acquisition of Morpol it announced it was beginning earlier this week.
After the 17 December announcement that Marine Harvest was going to acquire the Norwegian company, the transaction was complete as of 19 December, with Marine Harvest taking 48.5 percent of Morpol’s shares at NOK 11.50 (USD 2.07, EUR 1.56) per share.
According to the Norwegian Securities Trading Act, Marine Harvest now has four weeks to make a mandatory offer for Morpol’s remaining shares. In a statement, Marine Harvest announced it would be making the offer for the same price per share.
According to the statement, Marine Harvest’s share capital has gone up due to the transaction by NOK 125.4 million (USD 22.6 million, EUR 17 million) through the issuance of 167,201,054 new shares.