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Article: Stolt-Nielsen S.A. and Nutreco Holding N.V. Complete the Merger of Marine Harvest to Create the World's Largest Aquaculture Company.
- Article from:
- PR Newswire
- Article date:
- May 2, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, England, May 1 /PRNewswire-FirstCall/ -- Stolt-Nielsen S.A. (Nasdaq: SNSA; Oslo Stock Exchange: SNI) and Nutreco Holding N.V. today announced the completion of the merger of their worldwide fish farming, processing, and marketing and sales operations into a stand-alone new business entity, Marine Harvest. SNSA will hold a 25% share in the new company and Nutreco 75%. The signing of a Memorandum of Understanding for the merger by both parties was announced on September 13, 2004.
Marine Harvest has over 6,000 employees worldwide and annual sales of approximately EUR 850 million in salmon, cod, halibut, tilapia and other farmed fish. Marine Harvest will be ...