18m Mowi shares sold
Investment holding company Groupe Bruxelles Lambert SA (GBL), through its wholly-owned subsidiary Owen Capital Sàrl, has sold 18,113,207 shares in salmon farming giant Mowi ASA.
In press release, Mowi confirmed the share sales, which correspond to 3.5% of its share capital.
Shares were sold at a price of NOK 222 each, representing proceeds of approximately €400 million.
Mowi advised that the transaction was done in the context of GBL’s portfolio rotation strategy, which has entailed over €26 billion from the beginning of 2012 through the first-quarter of 2022.
The sale generated a capital gain of nearly €100 million.
GBL has retained 18,113,207 million shares in Mowi.
The group will be subject to a 90 calendar day lock-up agreement from the settlement date of the offering, which is expected to take place on 24 June, with respect to its remaining holding in Mowi.
GBL is co-controlled by Ségolène Gallienne – Frère and The Desmarais Family Residuary Trust.
