UPDATED: Marine Harvest acquires 25% of Grieg Seafood

Marine Harvest has bought 28,826,736 shares in Grieg Seafood at a price of NOK 22 (€2.7/$3.6) per share.

Following the purchase Marine Harvest holds 25.8161 percent of the share capital in Grieg Seafood.

The total cost of the transaction is just more than NOK 634 million (€78.1 million/$104.7 million).

Per Grieg Jr., chairman of Grieg Seafood, said the acquisition, and the premium Marine Harvest has paid for the shares, demonstrates the underlying values of the company.

“This is a substantial premium Marine Harvest has paid for this stake, it shows that they believe there is more value here, and it is good for us,” Grieg Jr.