Marine Farms ASA acquires Spanish fish farming company PIAGUA

Nordic Business Report-July 4, 2006-Marine Farms ASA acquires Spanish fish farming company PIAGUA
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The Norwegian fish farming company Marine Farms ASA said on Monday (3 July) that its wholly-owned subsidiary Culmarex SA has agreed to acquire Spanish seabass and seabream producer PIAGUA.

Culmarex, which already holds a 20% stake in PIAGUA, will acquire the outstanding shares for EUR5.75-6.00m.

PIAGUA's entire production is already sold through Culmarex.

One euro (EUR) is worth approximately 0.69 British pounds (GBP).

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