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.
China reopens market to live Irish crab Republic of Ireland
Minister of Agriculture of Ireland reached an agreement with a Chinese official on the proposed certificate to accompany consignments of crab exports to the Chinese market, which should facilitate the resumption of the crab trade between both countries.
Microplastics dumped on Atlantic shores reach the Arctic Spain
A study performed by an international team of researchers for the first time outlines the large-scale transport of microplastics from the Atlantic ocean to the Arctic, and highlights the global extent that has reached this problem in just a few decades.