Marine Harvest exercising first right of refusal on the Faroes

Marine Harvest has decided to take advantage of its first right of refusalon the remaining 27 percent of Marine Harvest Faroes firm Eik Bank.

The price the company is paying is the same as Bakkafrost offered for theshares just two weeks ago, DKK 54 million (€7.2 million/$9.4 million).

“To win 100 percent is crucial, and we have first right of refusal on theseshares. This was a financially wise move,” Marine Harvest CEO Alf-Helge Aarskogtold IntraFish.

The company has three aquaculture production licenses and a hatchery on theFaroe Islands.