Cermaq’s subsidiary Norgrain AS, of which Cermaq holds 72.5 percent of the shares, has declared its option so sell its shareholding of 49 percent of the shares in Denofa AS, a Norwegian producer of non-GMO soy products, to the Brazilian company Amaggi, which will then be the sole shareholder in Denofa.
The sale is a part of Cermaq’s strategy to divest companies which are not part of its core business and concentrate its engagement on aquaculture.
The transaction will be implemented in September 2013, and give Norgrain an income from sales of UDS 16.3 million. The sales will result in a profit in Cermaq’s accounts of approximately NOK 7 million.
