Cermaq shares were down 8.89 percent at the close of trading on the Oslo Stock Exchange on Friday afternoon, to NOK 102.5 (€12.90/$17.10) following the announcement earlier this morning that Marine Harvest would drop its bid to acquire the company.

The volume traded in Cermaq’s shares is also currently the highest on the IntraFish Seafood Stock Index at  425.60 million.

Marine Harvest’s share price also dropped over the day by 0.75 percent to NOK 5.955 (€0.75/$1) while turnover stood at 148.96 million at the end of the day.

Marine