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Mitsubishi Receives Approval to Take Over Cermaq

23 October 2014

JAPAN - All the conditions for Mitsubishi's voluntary offer for the shares of Cermaq ASA have been met and that settlement is to take place within two weeks.

The voluntary cash tender offer for shares of Cermaq is being made by MC Ocean Holdings Limited, a UK private limited liability company directly owned by Mitsubishi Corporation.

The acceptance period was from 22 September 2014 to 20 October 2014 at 16:30 hours (CET). 

Mitsubishi and Cermaq have said that all regulatory approvals as specified in section 4.3 (c) of the offer document have been obtained.

Following settlement of the offer, Mitsubishi will initiate a compulsory acquisition of the remaining outstanding shares of the Cermaq in accordance with applicable laws, and propose that the company apply for a delisting of the shares from the Oslo Stock Exchange.

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