The European Commission Wednesday cleared the merger of fish farming activities of Dutch food giant Nutreco and Luxembourg’s Stolt-Nielsen creating a new entity that will control 24 percent of the world farmed salmon market.
Nutreco Holding N.V. will own 75 percent of the new company, called Marine Harvest, and Stolt will own 25 percent. Sales of the combined company were recently revised from 1 billion (US$1.3 billion) to 850 million ($1 billion).
Frank van Ooijen, Nutreco’s director of corporate communications, told The Wave on Wednesday the deal should be finalized within a few weeks.
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Nutreco, Stolt merger gets legal approval; 'new' Marine Harvest to control 24% of world salmon market
The European Commission on Wednesday cleared the merger of fish-farming activities of Dutch food giant Nutreco and Luxembourg’s Stolt-Nielsen creating a new entity that will control 24 percent of the world farmed salmon market.
13 April 2005 2:58 GMT
Updated
24 July 2012 4:13 GMT
