Tuesday June 2, 2020

Origin sells fish business share for €93m

Agri services group Origin Enterprises is to dispose of its 50 per cent interest in its marine proteins and oils joint venture, Welcon Invest.

4th July, 2013
Origin said that it would use the proceeds from the disposal for investment in its core agri-services business.

Agri services group Origin Enterprises is to dispose of its 50 per cent interest in its marine proteins and oils joint venture, Welcon Invest.

Origin has agreed to sell its share to its joint venture partner Austevoll Seafoods for a cash consideration of 740 million Norwegian krone, equivalent to approximately €93m at current exchange rates.

Origin said that it would use the proceeds from the disposal for investment in its core agri-services business. Origin is listed...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago