Yokohama Reito Co., Ltd. (TSE:2874) and Hofseth International AS agreed to acquire the remaining 95% stake in Fjordlaks Aqua AS from Fjordlaks AS and Pedersen family for NOK 1 billion on June 17, 2016. Under the terms, Yokohama will acquire 2962 shares on a cash and debt free basis. Fjordlaks Aqua had sales of NOK 279.3 million and operating profit NOK 22.6 million for 2015. The transaction is subject to approval from the Competition Authorities. The deal is expected to be complete in July 14, 2016. Sumitomo Mitsui Financial Group acted as debt lead. Nils Jegstad of Nordea Markets AB acted as financial advisor for Fjordlaks Aqua and Fjordlaks. Per Ove Giske, John Giæver, Ole Martin Tangen and Fredrik Egeland of BDO AS, Financial Advisory Arm acted as financial advisors and Deloitte Touche Tohmatsu acted as accountants, Advokatfirmaet CLP acted as a legal advisor, Swedbank AB (publ) (OM:SWED A) acted as financial advisors to Yokohama Reito and Hofseth International. Wikborg Rein & Co. acted as a legal advisor, KPMG AS acted as an accountant and Nordea Markets AB acted as a financial advisor to Fjordlaks AS.