Marine Harvest has sold its remaining shares in Cermaq, the company announced Wednesday.
The total holding, which constituted 5,053,544 shares, was sold at an average price of NOK 105.6 (€13.2/$17.3) per share, with the company netting NOK 133.5 million (€16.7 million/$21.9 million).
The group will now focus on developing its green field capacity in Norway, it said, the expansion within Norwegian and Chilean farming and the integration of Polish salmon processor Morpol, which was acquired in December last year.
"The increased financial flexibility created by the sale of the Cermaq shares, termination of the transaction and the current strong salmon prices is likely to lead to a reintroduction of a quarterly dividend payments commencing from Q2 reporting," it said in a stock exchange release.
