Marine Farms ASA has entered into an agreement with Northern Lights Salmon AS to sell 100% of its shares in Sjølaks AS. The transaction value including interest bearing debt amounts to approximately NOK 58 mill, which gives an EV/EBIT multiple for 2005E of approximately 23. Marine Farms will book a NOK 6.8 mill profit as a result of the transaction.
Marine Farms’ day-to-day operations continue to do well. EBIT before provisions per 30.9.2005 was NOK 34.8 mill, which is the best operating profit the Company has ever achieved pr. 3rd quarter and almost NOK 40 mill better than in the sameperiod last year.