Nutreco sells its shareholding in Hydrotech A.S. to Lery Seafood Group ASA - NORWAY - Nutreco Holding N.V. has agreed in principle to sell its indirect participation of 19.8% in the Norwegian salmon farmer Hydrotech-Gruppen A.S. to Lery Seafood Group ASA. Lery Seafood Group ASA already held a participation of 39%.
The total proceeds of this transaction will be approximately EUR 25 million and it will generate a book profit for Nutreco of approximately EUR 15 million. The closing of the transaction will be subject to the required formal approvals.
The sale of its participation in Hydrotech A.S. follows the divestment of Marine Harvest and fits with Nutrecos Rebalancing for Growth strategy, which was announced in November 2004.
TheFishSite News Desk