Geveran Trading, an investment company controlled by Norwegian-born billionaire John Fredriksen and his family, sold 8.4% of its shares in Marine Harvest.
According to an announcement from Marine Harvest on Wednesday, Geveran sold 3.7.8 million shares at NOK 117 a piece, netting Fredriksen NOK 4.42 billion ($510.04 million).
The plan had been announced earlier on Wednesday.
Following the placement, Geveran owns 79,551,603 shares in Marine Harvest, the world’s largest salmon farmer, representing 17.67% of the share capital and voting rights.
Subject to certain customary exceptions, Geveran has undertaken not to dispose of any shares in the company within 180 days following the offering without the prior written consent of Morgan Stanley, which acted as sole book-runner.
Carnegie Investment Bank acted as co-lead manager in connection with the placement.
“Geveran is committed to the future long-term development of Marine Harvest,” according to the statement.
Source: Undercurrant News
Two Tetra Pak production sites in Europe are now certified to produce packaging with recycled polyethylene (rPE) polymers, according to the Roundtable on Sustainable Biomaterials (RSB) Chain of Custody mass balance attribution method.
Cargill has appointed Brian Sikes as its chief operating officer (COO), a role in which he will also serve as a management director on the company’s board.
Heineken has reached an agreement with The Coca-Cola Company and the Coca-Cola System in Brazil to redesign their long-standing distribution partnership in the country.