date:Mar 28, 2014
Cooke Aquaculture announced it signed an agreement with Marine Harvest to purchase its subsidiary Meridian Salmon Farms with assets on Shetland and the Orkney Islands and on the mainland of Scotland.
The operations have a combined harvest volume of 17,400 GWT estimated for 2014. The agreed enterprise value in GBP 122.5 million (USD 204 million, EUR 148 million). The transaction is expected to close in the second quarter.
In 2013, Meridian saw revenues of CAD 151.3 million (USD 136.4 million, E