Atlantic Cod Juveniles, a subsidiary of Oslo-listed company Codfarmers, entered into an agreement for the sale of its cod juvenile production facility with related fixed and operating assets and juvenile licence.

The facility, which has not been in production since the spring of 2012, is sold to Marine Harvest's subsidiary Marine Harvest Labrus for a purchase price of NOK 5 million (€677,650/$912,590).

Atlantic Cod Juveniles will use the proceeds from the sale to repay debt.