The Board of Directors of Cermaq ASA has entered into a Tender Offer Agreement with Mitsubishi Corporation whereby the latter, through its wholly-owned subsidiary MC Ocean Holdings Limited, will launch a voluntary cash offer to acquire the entire issued share capital of the former for NOK 96 (USD 15) per share in cash.
The offer values the total share capital of Cermaq at approximately NOK 8,880 million (USD 1.4 billion) on a fully diluted basis.
Shrimp Imports: Weak Yen Reduces Purchasing Power Japan
In the first quarter of 2024, Vietnamese shrimp exports to Japan reached 103 million USD, down 2% over the same period. After increasing by 30% in January, shrimp exports to Japan decreased by 21% and...