Fryseriet AS is owned by Ytterstad Fiskeriselskap AS and is located in L\u00f8dingen, Nordland. The company\u2019s preliminary accounts for 2008 indicate a turnover of NOK 265 million and an operating result of NOK 13 million. The company purchased 55,000 tons of pelagic fish, mostly related to Norwegian spring spawning herring.<\/p>\n
By comparison, The Norway Pelagic group had an annual purchase of 395,000 tons.<\/p>\n
The transaction will increase Norway Pelagics annual capacity from 110,000 tons to 170,000 tons, which amounts to approximately 35% of total capacity in the Northern Norway pelagic industry.<\/p>\n
The Ytterstad group is a leading company in the Northern Norway pelagic industry, and contributes with a valuable relation to the fishing fleet and market expertise especially on capelin and value added herring products. It is the company’s opinion that this will represent an important added value for Norway Pelagic, and together with a far stronger position in Northern Norway, will create possibilities to realise significant synergies.<\/p>\n
The letter of intent is in line with Norway Pelagic\u2019s key strategy to pursue a stronger position and proximity in Northern Norway, and also targets to develop the pelagic environment in L\u00f8dingen.<\/p>\n
The transaction is planned to be carried out by Norway Pelagic ASA acquiring 100% of the shares in Fryseriet AS and Ytterstad Export AS, and will be compensated by an 10.3% ownership share for Ytterstad Fiskeriselskap AS in Norway Pelagic ASA. Consideration will mainly be carried out in shares. Ytterstad Fiskeriselskap AS is prior to the transaction indirectly controlling 2.2 % of the shares in Norway Pelagic ASA.<\/p>\n
This letter of intent will be completed with a final agreement by 31 March 2009. The final agreement is subject to approval of the parties\u2019 respective corporate bodies.<\/p>\n","protected":false},"excerpt":{"rendered":"
Norway Pelagic ASA and Fryseriet AS, on 17 January, entered into a letter of intent to join forces.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"sponsor":[],"class_list":["post-2455","post","type-post","status-publish","format-standard","hentry","category-industry-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/2455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/comments?post=2455"}],"version-history":[{"count":0,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/2455\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/media?parent=2455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/categories?post=2455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/tags?post=2455"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/sponsor?post=2455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}