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.
Harvest strategy can maximise benefits from skipjack tuna Maldives
The Government of the Maldives and the International Pole & Line Foundation brought more than 50 fisheries officials and experts to the Maldives last week to discuss the management of the Indian Ocean’s tuna stocks and to align on an agreed proposal for the implementation of robust harvest control rules in the region.
Educational campaign promotes fish consumption Peru
The Peruvian government has announced the launch of a new campaign under the national programme "Let’s eat fish" in order to help reduce levels of overweight and obesity among the Peruvian population.