Marine Harvest on Wednesday announced it sold its remaining shares in Cermaq.
The total holding, which constituted 5,053,544 shares, was sold at an average price of NOK 105.6 (USD 17.30, EUR 13.29) per shares, with the company earning NOK 133.5 million (USD 21.9 million, EUR 16.8 million).
The company is it will now focus its resources on the development of green field feed capacity in Norway, expansion with Norwegian and Chilean farming and the integration of Morpol.
“The increased financial flexibility created by the sale of the Cermaq shares, termination of the transaction and the current strong salmon prices is likely to lead to a reintroduction of a quarterly dividend payments commencing from 2Q reporting,” the company said in a statement.
