date:Apr 07, 2013
Cermaq, which already owns 17.9 percent of Copeinca, signed deals to raise its stake to over 50 percent and launched a bid on Friday for all outstanding shares to obtain a supply of food for its farmed salmon and develop its fish oil business.
Oil from fatty fish is used to feed farmed fish and as a health supplement. Fishmeal, made from fish and the bones and offal from processed fish, is also used to feed farmed fish as well as poultry, pigs and pets.
Cermaq is offering 59.70 crowns per shar