IN BRIEF - Bakkafrost - Closing of the acquisition of a majority of the shares in the Scotish Salmon Company
Tuesday, October 08, 2019
P/F Bakkafrost (the "Company") has, today, completed the acquisition of 133,125,109 shares in The Scottish Salmon Company ("SSC") from Northern Link Limited ("Northern Link"). As a consequence of this, the Company now owns 150,974,735 of the shares in SSC representing approx. 77,8% of all of the shares in issue in SSC.
The purchase price paid to Northern Link was NOK 3,760,784,329.25. This represents a purchase price of NOK 28.25 per share in SSC. The additional shares in SSC acquired by the Company in the market during the last week have also been acquired at a price of NOK 28.25 per share.
70% of the purchase price due to Northern Link was settled in cash today. The remaining 30% (being NOK 1,128,235,298.75) has been financed by a seller's credit.
Subject to the Company's extraordinary general meeting called for on 18 October 2019 resolving to grant the Company's board authority to issue further shares in the Company, the seller's credit will be settled through the issue of 2,256,470 new shares in the Company (based on a subscription price of NOK 500 per share).
Numbers of endangered sawfish in one of their most globally important strongholds are dropping, with conservationists calling for rules that will cut the numbers of animals being caught in commercial fishing nets in north Queensland.
In September, a two-week private expedition to monitor and tag sawfish in the Norman River, Queensland, returned without finding a single sawfish.
Sawfish are known for their distinct protruding toothed saw – or rostrum – that can detect electrical signals and movement from nearby prey before swiping at it. Some sawfish can grow to seven metres in length, with the saw accounting for about one-quarter its length.
As part of a rebranding campaign, the Global Aquaculture Alliance on Oct. 16 2019 launched a redesigned Best Aquaculture Practices (BAP) website. The refreshed BAP site is more consumer-facing, peppered with messaging that better explains the depth and comprehensiveness of the industry-leading third-party aquaculture certification program.
The new BAP site is anchored by the new BAP logo, unveiled on July 25 as the first step in a multi-step rebranding campaign that’s officially being rolled out this month with the launch of the redesigned BAP site. The rebranding campaign acknowledges the BAP program’s journey from an industry-facing solution to a publicly recognized brand.
Among the features of the new BAP site is a marketing toolkit containing assets for retailers, foodservice operators and consumers, encouraging consistent messaging about the BAP program. The new BAP site also contains a new “Where to Find” page with retail and foodservice endorser logos that are sortable by region and segment as well as a new “Our Logo” page with information about the new BAP logo.
The following piece on the Falklands and Brexit was distributed by the French news agency, AFP, both in English and Spanish. - It may be a remote archipelago 13,000km from mainland Britain but the Falkland Islands' incredible biodiversity, as well as fishing and meat exports, are under threat from Brexit.
While Prime Minister Boris Johnson's government and the European Union squabble over Brexit, conservationists in the Falklands - a British overseas territory of 3,400 inhabitants - are anxiously following events as they run the risk of losing significant EU funding.
Esther Bertram, who leads the Falklands Conservation NGO, says Britain must take responsibility for the wildlife in its overseas territories.
Bangkok - Thai Union Group PCL.’s Yellowfin Tuna Slice received the runner-up award in the product design category at Innovation Thailand Expo 2019 hosted by the National Innovation Agency.
Tawat Suthasineenont, Deputy Director at Thai Union’s Global Innovation Center, represented the company at the award ceremony.
“On behalf of Thai Union, I am delighted that we have been recognized for our innovation with this award," said Suthasineenont. "At the Global Innovation Center, we are committed to working on innovations that will improve our products for our customers. Thai Union’s Yellowfin Tuna Slices are the world’s first pre-sliced, pre-seasoned tuna made from whole yellowfin tuna loins. The tuna loin is high-pressured processed and sliced to offer a new experience to consumers.”
Mowi Canada West has entered into a new 10-year agreement with the Kitasoo/Xai’Xais First Nation for economic development and employment centred around salmon farming and processing in Klemtu, British Columbia.
This new agreement builds on a 20-year relationship between the Nation and Mowi and includes enhanced protocols and oversight of salmon farms in the Nation’s Territory and a transition from primary processing to value added processing.
The Kitasoo/Xai’Xais began farming and processing salmon since the late 1980’s, forming a partnership for the business with Mowi in 1998.
ProcSea, a startup specializing in the marketing of seafood products, raises EUR 6.5 million from Serena, Cape Horn and its historical investors FJ Labs, Samaipata Ventures, Alpana Ventures and Piton Capital. This is the third fundraiser of the startup.
Launched in 2016 by Renaud Enjalbert and Florian Dhaisne, ProcSea aims to simplify and streamline the seafood business. Its marketplace connects sales professionals with fishermen, wholesalers or processors.
"Our ambition is to promote all the players in the sea industry and offer them a digital solution adapted to sustain their business, while providing a real service to our customers. We hope that the supply of seafood is no longer a problem or a waste of time for professionals. Our solution must simplify their life, while allowing them to discover new species, to work seasonal products and to discover new fishermen and wholesalers ", comments Renaud Enjalbert.
Authorities are still working to find out why piles of dead and dying mussels were found washed ashore at Cheynes Beach, near Albany on Western Australia's south coast.
Thousands of small green mussel shells were strewn across more than 1 kilometre of beach, with authorities warning people to exercise caution while swimming or fishing at the popular tourist spot because it may contain high levels of bacteria.
There are also a small number of other species on the shore, including starfish.
Ian Haskin, who is the assistant manager of the Cheynes Beach Caravan Park and also a marine biologist, said he had never seen anything like it.
Hanoi – Minister of Industry and Trade Tran Tuan Anh affirmed Vietnam’s wish to promote the friendship and economic, trade and investment ties with the UAE while addressing a business forum between the two countries in Hanoi on October 15 2019.
The event was part of a visit by UAE Minister of Economy Sultan bin Saeed Al Mansouri, along with some trade promotion organisations and nearly 20 major businesses of the Southwestern Asian nation.
In his speech, Minister Anh said the Vietnamese Government always welcomes and is ready to create the best possible conditions for foreign companies, including those from the UAE, to make investment and do business.