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BRIEF-BioMar acquires South American shrimp feed manufacturer
June 2, 2017 / 7:01 AM / 2 months ago

BRIEF-BioMar acquires South American shrimp feed manufacturer

1 Min Read

June 2 (Reuters) - SCHOUW & CO A/S

* Biomar Acquires South American Shrimp Feed Manufacturer

* AS A CONSEQUENCE OF LATE CLOSING DATE, ACQUISITION WILL ONLY TO A LIMITED EXTENT EFFECT SCHOUW & CO. REVENUE AND EBIT FOR 2017

* ‍BIOMAR CONCLUDED AN AGREEMENT ON ACQUISITION OF 70% OF ECUADORIAN SHRIMP FEED MANUFACTURER ALIMENTSA FOR ABOUT DKK 800 MILLION​

* IN 2018, IT IS EXPECTED THAT ACQUISITION WILL CONTRIBUTE WITH REVENUE OF MORE THAN DKK 500 MILLION

* IN 2018, IT IS EXPECTED THAT ACQUISITION WILL CONTRIBUTE WITH EBIT OF ABOVE DKK 110 MILLION CALCULATED BEFORE DEPRECIATIONS DUE TO PURCHASE PRICE ALLOCATION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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