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.
Tesco's sales fall while Aldi and Lidl consolidate United Kingdom
Britain's biggest supermarket chain Tesco reported a fall in sales amounting to 1.3 per cent in its first quarter, lower than expected, whereas Morrisons, Aldi and Lidl achieved growth in their sales.
Fishing industry maintains stable growth Russia Fed.
The Russian fishing industry has remained stable in the last three years, with catches amounting to around 4.3 million tonnes of fish annually, according to the Russian State Statistics Service.
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