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NORWAY - The board of directors of Morpol and Marine Farms have approved the merger plan for a merger between Morpol and its subsidiary Marine Farms AS (Marine Farms) .

Marine Farms is currently 100 per cent owned by Morpol. The merger is resolved carried out as a parent-subsidiary merger without consideration, in accordance with the Norwegian Public Limited Companies Act section 13-24.

The merger is expected implemented mid to late December 2012, upon expiry of the two month's creditor notice period following registration of the respective boards' decision to carry out the merger with the Norwegian Register for Business Enterprises.

TheFishSite News Desk