Brief: Froy, SalMar Update On Regulatory Acquistion Approvals

SalMar ASA

21/06/2023 06:49

June 21 (Reuters) - Froy ASA  FROY.OL :
    * GAVE ON TUESDAY UPDATE ON REGULATORY APPROVALS FOR
ACQUISITION
BY GOLDMAN SACHS ASSET MANAGEMENT OF 72.11% OF SHARES IN FRØY,
SUBSEQUENT MANDATORY OFFER
    * REFERENCE MADE TO JUNE 5 ANNOUNCEMENT ON AGREEMENT ENTERED
INTO
BY FALCON BIDCO AS, COMPANY INDIRECTLY WHOLLY OWNED BY
INFRASTRUCTURE FUNDS MANAGED BY GOLDMAN SACHS ASSET MANAGEMENT,
WITH NTS AS, WHOLLY OWNED SUBSIDIARY OF SALMAR ASA, AND FRØY ASA
    * OFFEROR AGREED TO ACQUIRE NTS' ENTIRE OWNERSHIP STAKE IN
FRØY,
REPRESENTING ABOUT 72.11% OF SHARES IN FRØY AND FOLLOWING
COMPLETION MAKE UNCONDITIONAL MANDATORY CASH OFFER TO ACQUIRE
ALL OTHER SHARES IN FRØY
    * OFFEROR CONFIRMED ON TUESDAY THAT NORWEGIAN COMPETITION
AUTHORITY APPROVED SHARE SALE
    * NORWEGIAN MINISTRY OF TRADE, INDUSTRY AND FISHERIES
GRANTED
EXEMPTION WITH RESPECT TO NATIONALITY REQUIREMENTS FOR NOR
REGISTRATION IN NORWEGIAN MARITIME CODE APPLICABLE TO VESSELS
OWNED BY CO
    * IT IS EXPECTED THAT SHARE SALE WILL BE COMPLETED DURING
THIRD
QUARTER OF 2023

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE4925xH
 Further company coverage:  FROY.OL  

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