Will Marine Harvest get the support it is after?

Pareto analyst Henning Lund is far from certain Marine Harvest will succeed with its campaign to acquire Cermaq.

“We believe the synergy potential between Marine Harvest and Cermaq is massive, and that a merger would be the rational way to go,” Lund wrote in an update this week.

Pareto had a recommended buying price on the Cermaq share of NOK 88 (€11.5/$15.1), before Marine Harvest made an offer of NOK 105 (€13.8/$18).

Lund is nonetheless uncertain whether Marine Harvest will succeed in its bid to buy the company.