Egersund Group AS completed the acquisition of additional 36.93% stake in AKVA Group ASA (OB:AKVA) from the Board member and other shareholder for approximately NOK 110 million.
January 17, 2013 at 11:00 pm
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Egersund Group AS made a mandatory offer to acquire remaining 49.99% stake in AKVA Group ASA (OB:AKVA) from the Board member, Skagen AS and other shareholder for approximately NOK 150 million on December 3, 2012. The offer price is NOK 11.25 per share. Acceptance period for the offer will begin on December 21, 2012 and end on January 18, 2013. The Chairman of the Board of AKVA, Amund Skarholt, owns 40,000 shares, Tore Obrestad owns 2,368 shares, Kjell-Arne Corneliussen and Eivind Brendryen each own 200 shares and Anne Breiby, through her 100% owned company Kjerby AS, owns 13,000 shares in AKVA. Chief Executive Officer Trond Williksen owns 40,000 shares in AKVA. None of the Board members or the Chief Executive Officer will accept the offer. The Board of AKVA has unanimously recommended shareholders not to accept the offer.
As on January 7, 2013, Egersund Group announced that it received acceptance for 3198 shares on January 4, 2013. Egersund Group now owns approximately 13.05 million shares in AKVA group representing 50.52 % of the shares and voting rights. As on January 15, 2013, Egersund Group announced that it received acceptance for 200 shares. The offer is open for acceptance till January 18, 2013. As on January 16, 2013, Egersund Group announced that it received acceptance for 1700 shares. Henrik Tangen, Kristoffer Jordheim, Birgitte Gran Kløvstedt of Skandinaviska Enskilda Banken AB acted as financial advisor to the Board of AKVA Group. Pareto Securities acted as financial advisor and Wikborg Rein acted as legal advisor to Egersund Group. Henrik Tangen, Kristoffer Jordheim and Birgitte Gran Kløvstedt of SEB Enskilda AS acted as financial advisors for AKVA Group ASA.
Egersund Group AS completed the acquisition of additional 36.93% stake in AKVA Group ASA (OB:AKVA) from the Board member, Skagen AS and other shareholder for approximately NOK 110 million on January 18, 2013. The number of acceptances received may change as a result of acceptances potentially not yet registered. The settlement for the shares will take place on January 24, 2013. Post acquisition, Egersund Group AS owns 22.58 million shares representing 87.42% stake.
Akva Group ASA is a Norway-based supplier of solutions and services to the global aquaculture industry. Its activities include design, purchase, manufacturing, assembly, sale and installation of technology products as well as rental, service and consulting services. The Company divides its operations into three business segments: Sea Based Technology (SBT), Digital and Land Based Technology (LBT). The SBT main products include Polarcirkel, Wavemaster and Akvasmart hardware brands such as: Plastic cages, steel cages, feed barges, feed systems, sensor- and camera systems, underwater lights and net cleaning systems. The LBT provides technology for water treatment technology. Main components used include mechanical filters, UV treatment, bio filters, degasser units, oxygenation, cooling/heating systems and lifting pumps. The Digital software include brands such as: Production control, planning, traceability, and ERP software for both the aquaculture and the fishing industry.
Egersund Group AS completed the acquisition of additional 36.93% stake in AKVA Group ASA (OB: AKVA) from the Board member and other shareholder for approximately NOK 110 million.
AKVA GROUP ASA 
