Former Pan Fish Scotland uncoupled from Marine Harvest

Under pressure from French competition officials, who told Marine Harvest its Pan Fish Scotland operations must be sold or spun off to get the green light for the megamerger between Marine Harvest, Fjord Seafood and Pan Fish, the company set a Dec. 31 deadline.

As no bidder was prepared to meet the asking price by the deadline, Marine Harvest shareholders last week at an extraordinary general meeting voted to receive shares in Pan Fish Scotland’s replacement, Lighthouse Caledonia, and to get a reduced dividend payout, IntraFish has learned.

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