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Article: EW Group acquires Aqua Gen.(Business)
- Article from:
- Feedstuffs
- Article date:
- February 18, 2008
CopyrightCOPYRIGHT 2008 Miller Publishing Company, Inc. 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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Key Points
* Investment represents move into aquaculture.
* Purchase conditional on approval from authorities, Aqua Gen board.
EW Group GmbH, the holding company of the world's leading poultry genetics companies, has taken ownership of Aqua Gen AS, the Norwegian-based world market leader in salmon and trout breeding.
The German group acquired a majority shareholding from Verdane Private Equity AS, the Norwegian Seafood Federation, Biomar AS and Eidsfjord Sjofarm AS.
A number of suitors had expressed interest in acquiring the shareholding, which was offered for sale last fall. After a comprehensive bidding process, an ...