1 Jul, 2011: Codfarmers and Atlantic Cod Farms to merge
Codfarmers ASA (COD) and Atlantic Cod Farms AS (ACF) have today entered into a letter of intent for the combination of the companies (the "Transaction"). The Transaction will be structured as a share for share exchange, under which the ACF shareholders will receive COD shares as consideration for their ACF shares. Based on the agreed exchange ratio and assuming 100% acceptance from the ACF shareholders, the COD shareholders and the ACF shareholders will own 51.1% and 48.9%, respectively, of the combined company.
Easter recess Japan
In observance of Easter, FIS.com will not be publishing articles in its World News section on 17-18 April.
Shrimp firms lay off over 400 workers Ecuador
Two processing and exporting shrimp firms from Costa Rica have been forced to lay off 412 employees since October last year, following a sharp drop in production.
Haiku records strong decrease in profits China
Chinese seafood processors, Haikui Seafood’s revenue decreased by 39.7 per cent compared to 2012 as a result of the challenging market environment affecting the industry in the country.
Salmon price status at week 16 Norway
Fresh salmon export volumes for week 15 are up 2,409 tonnes compared to week 14 and up 6,172 tonnes compared to week 15, 2013, reports Fish Pool ASA.
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