THE Norwegian aquaculture company Cermaq ASA has now formally applied for a listing on the Oslo Stock Exchange. The application will be considered at the Oslo Stock Exchange board meeting on the 28th September. The main aim for Cermaq in seeking a listing accompanied by a secondary sale of shares is to facilitate trade in the company's shares, creating liquidity in the shares and make them more attractive as a potential investment. “A listing will improve the company's access to capital markets and make the shares more attractive as a payment medium in strategic transactions,” says Cermaq CFO Peter Williams. In the recently published half year accounts, Cermaq announced an EBIT of NOK123.4 million, up 74% compared to the same period in 2004. Cermaq is an international group of companies with operations in Norway, Scotland, Canada and Chile, the main geographic regions for salmon and trout farming. Through the EWOS group, Cermaq is a world leader in the production of salmonid feed. Fish farming is organised through the Mainstream group, which is among the largest international producers of farmed salmon and trout. The Group employs approximately 3000 people.
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Should fisheries be closed during breeding time to allow stocks to reach more sustainable levels?
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