Cermaq’s grain silos in Stavanger are to be sold
Tuesday, March 11, 2014, 22:10 (GMT + 9)
Cermaq has announced it has entered into an agreement to sell its grain silos located in Stavanger habour to Felleskjøpet Agri.
The firm informed that the property was put up for sale as part of a joint sale with the adjacent property of Felleskjøpet Agri in central Stavanger and that the sales will result in a profit in Cermaq's accounts of approximately NOK 40 million (USD 6.7 million).
“We are pleased that there has been found a good solution for this property,” Cermaq's project director Geir Sjaastad remarked.
And he added: “Ceramq is a dedicated fish farming company, and the sale of the grain silos is in line with our strategy to divest non-core business. Operating a grain silo is not a natural task for an aquaculture company.”
Firm sources stressed that Cermaq has for many years divested its involvement in areas outside its c... FULL STORY