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Cermaq Rejects Marine Harvest Offer, Copeinca Go-ahead

Lucy Towers
02 May 2013, at 1:00am

NORWAY - Cermaq has turned down Marine Harvest's bid to take over the company, choosing instead continuing to complete its deal with Copeinca.

The launch of Marine Harvest's offer was conditional upon Cermaq terminating its deal with the Peruvian feed company Copeinca.

Cermaq however fundamentally disagreed with Marine Harvest's views and still firmly believes that the Cermaq-Copeinca acquisition is the way forward.

The Cermaq Board of Directors also concluded that the Marine Harvest offer significantly undervalued Cermaq.