"A splitting of Cermaq would be most profitable for shareholders in terms of realizing company values,” Anders Milde Gjendemsjo, Norne Securities analyst told IntraFish.

Gjendemsjo said Cermaq shareholders would profit most from letting possible buyers bid for different segments of the company. He pointed out an offer has already been made for EWOS in its entirety, while no bids have been received on Mainstream.

“With Mainstream it would be appropriate to sell separately in the three regions: Norway, Canada and Chile,” Gjendemsjo said.

“Cermaq’s