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TheFishSite Latest News
Tuesday, August 22, 2006
Print This Page Nutreco sells its shareholding in Hydrotech A.S. to Lerøy Seafood Group ASA
NORWAY - Nutreco Holding N.V. has agreed in principle to sell its indirect participation of 19.8% in the Norwegian salmon farmer Hydrotech-Gruppen A.S. to Lerøy Seafood Group ASA. Lerøy Seafood Group ASA already held a participation of 39%.
The total proceeds of this transaction will be approximately EUR 25 million and it will generate a book profit for Nutreco of approximately EUR 15 million. The closing of the transaction will be subject to the required formal approvals.
The sale of its participation in Hydrotech A.S. follows the divestment of Marine Harvest and fits with Nutreco’s ‘Rebalancing for Growth’ strategy, which was announced in November 2004.
TheFishSite News Desk
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