Marine Harvest on Monday reached an agreement Friday to acquire a 48.5 percent stake in Polish smoked salmon, farming and processing giant Morpol for NOK 937.6 million (€126.6 million/$166.2 million), and said it would submit a mandatory offer for the remaining shares in the company.

Marine Harvest made an offer of NOK 11.50 (€1.5/$2) per share to two investment companies owned by Morpol CEO Jerzy Malek -- Friendmall and Bazmonta, and submitted the same offer for the remaining shares.

About 50 percent of the purchase price is estimated to be cash-settled, Kolbjorn Giskeodegard, analyst at Nordea Markets told IntraFish

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