Tuesday, August 9, 2011

AKVA profits improves but takeover could happen

The AKVA Group who manufacture fish-farming equipment and recirculation and software has seen an improvement to its financial status.  However it looks as if there will be a takeover of the company by Frode Teigen who has built up their shares in the company and are making a mandatory offer to acquire the remaining shares.

Te operating cost for for the second quarter of 2011 was up 26 percent on the same period in 2010. The company say it has continued focus on the cost and improving project management well they have reduced spending in the Recirculated Aquaculture Systems (RAS) division. Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers
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