Marine Harvest announced today that it has priced a five-year, EUR 350 million (USD 462.6 million) offering of convertible bonds.
The company, in its announcement, said it will use proceeds from the bond sales for a number of puposes, including the possible acquisition of its rival, Cermaq.
Marine Harvest announced earlier this week that it was interested in purchasing Cermaq, but only if Cermaq abandoned its bid to buy Peruvian fishmeal and fish oil company Copeinca.
The reference price was set at NOK 6 (USD 1, EUR 0.79) per share. The move comes as Geveran Trading Co. announced it was buying 150 million Marine Harvest shares at the same price per share.
The bonds will be issued at the company’s annual general meeting, and are expected to mature in 2018.
