Monday, March 31, 2014

31/03/14: Cermaq ASA : Cermaq to be granted five green licenses in group B - solid basis for sustainable growth in Norway

Cermaq ASA : Cermaq to be granted five green licenses in group B - solid basis for sustainable growth in Norway.

Friday 28 March 2014 the Directorate of Fisheries announced that Cermaq was awarded five of the fifteen new green licenses in group B. There were in total 72 bids in this category and the fifteen highest bids had a value between NOK 55 mill and NOK 66 mill. Cermaq's bid prices were NOK 63 mill for three licenses and NOK 55 mill for two licenses.

- We are very pleased with the outcome of this first round of allocation of green licenses, and are convinced that we will develop these licenses in a positive way for Cermaq and its shareholders, says CEO Jon Hindar.

Cermaq will provide information as to where the new licenses will be located, total investment and the timing of the expected increase in production when the outcome of the remaining allocation of licenses in groups A and C have been announced and Cermaq has concluded it final investment plan.

About Cermaq

Cermaq is one of the world's leading companies in farming of salmon and trout, with operations in Norway, Chile and Canada. In 2013 the farming business had sales of NOK 5.1 billion, and a total harvested volume of 142.3 thousand tonnes. Cermaq's feed business unit EWOS was sold in 2013. Cermaq is listed on the Oslo stock exchange with ticker code CEQ. www.cermaq.com



English: (Green) Norway. (Grey) Europe. (Light...
English: (Green) Norway. (Grey) Europe. (Light-grey) The surrounding region. See also: Category:SVG locator maps of countries of Europe (Photo credit: Wikipedia)





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