Cermaq ASA sold to Mitsubishi Corporation

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October 2014 – Cermaq ASA sold to Mitsubishi Corporation

About the deal

In 2014 Bryan, Garnier & Co acted as the sole financial advisor to Cermaq ASA during sell-side process towards Mitsubishi Corporation.

In September 2014, Mitsubishi launched a voluntary offer to acquire the outstanding shares of the listed leading salmon farmer Cermaq ASA for a consideration of NOK 8.9bn in cash.

Deal team

Rolf Henning Lem | Director | Oslo | Investment Banking | rlem@bryangarnier.com

About Cermaq

Cermaq is one of the world’s largest salmon farmers with a sales volume of 138 000t GWE in 2014. The company has operations in Chile, Canada and Norway employing 4,000 people. Cermaq had an operating revenue NOK 5.6bn in 2014. A key principle for Cermaq is responsible salmon farming and the company oblige by the ASC standard requiring 3rd party verification that the salmon farming has minimal environmental impact.

About Mitsubishi Corporation

Mitsubishi Corporation is a globally integrated conglomerate that develops and operates businesses across several industries including industrial finance, energy, metals, machinery, chemicals, and daily living essential. Mitsubishi Corporation has over 200 offices and subsidiaries in more than 90 countries, employing more than 68,000 people.

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