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.
Bigeye tuna fisheries worsening, new assessments show New Caledonia
New assessments on the status of key regional tuna stocks recently released by the Secretariat of the Pacific Community show that bigeye has now been reduced to less than 20 per cent of its unfished stock size.
Jealsa has an eye on Brazil Spain
The Spanish company Jealsa Rianxeira aims to lead the canned fish sector in Brazilian territory by building a 100,000 square metre plant and generating a thousand jobs.