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.
Biotechnology developed to use onshore seaweed Mexico
A team of researchers from the National Fisheries Institute is working on the development of biotechnology for the use of seaweed on shore that is produced off Baja California peninsula coast.
Shrimp trawling responsible for the highest bycatch Worldwide
Shrimp trawling accounts for more bycatch volume than any other fishery type but efforts to reduce bycatch can make a positive difference, concludes a report about bycatch in the wild shrimp sector released by Sustainable Fisheries Partnership.
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