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...

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