Wikborg ReinWikborg Rein in fish farm sale

Wikborg Rein has assisted Norway Seafoods AS and its wholly owned subsidiary Norway Seafoods France S.A.S. in connection with the sale of the group's French trout farming business to Groupe Aqualande S.A.S.

The transaction includes the sale of five land based trout farms, including biomass and operating equipment. The agreement also comprises the transfer of 30 employees to Groupe Aqualande S.A.S. The transaction is expected to be concluded during the 2nd quarter of 2013 and settled by cash payment of EUR 6.5 – 7.0 million depending on biomass at completion.

The WR team has consisted of Ketil E. Bøe as responsible partner and Alexander Levi.

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