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.
Qatar Airways launches new freighter services Qatar
Qatar Airways Cargo has launched new freighter services to New York and Halifax, which will handle lobster and other seafood from these two cities to Europe, the Middle East, South and North East Asia via Doha.
Reconstruction plan after earthquake and tsunami reaches 95pc Chile
In less than a year after the 8.4 Richter-scale earthquake and subsequent tsunami hitting the Region of Coquimbo and northern central areas of the country, SUBPESCA released a balance of the major reconstruction advances of "Coquimbo Restarts" program.