The percentage difference was not very high, but it was still enough to achieve a blocking minority, said Anders M Gjendemsjo, an analyst at Norne Securities.

IntraFish caught him on his mobile just as he was about to leave Cermaq annual general meeting.

"I will not yet say anything specific about the consequences of this meeting," Gjendemsjo said.

"I have to sit down to study the issue further. There exists more opportunities for the Cermaq board to buy Copeinca. In advance of the meeting it was announced they would consider it, but the question is how.

"And