Other Media | fishfarmingexpert: Marel agrees terms for €2.7 billion takeover offer by US company
ICELAND
Monday, April 08, 2024
The boards of food processing equipment manufacturer Marel and US company John Bean Technologies Corporation (JBT) have agreed to a transaction agreement that sets the terms and obligations for a potential offer from JBT for all issued and outstanding shares in Marel.
The potential offer values Marel shares at €3.60, up from €3.40 made in a previous potential offer. Shareholders will have the option to receive cash, JBT common stock, or a combination of both for their shares.
Source: fishfarmingexpert l Read the full article here
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ST. PETERSBURG (Interfax) - The Russian aquaculture sector could receive 70 billion-100 billion rubles of investment over a period of three to five years, Russian Agricultural Bank forecasts.
"The bank sees a growth area and investment potential in aquaculture. Profit margins here are stable and very high and return is 45%- 50%. Also, investments are needed in science, fish feed, genetics, vaccine production and software for aquaculture to develop. In general, Rusag Bank sees an investment potential of 70 billion-100 billion rubles in the development of aquaculture over the next three to five years,"the bank's deputy CEO, Irina Zhachkina, said at the Seventh International Fishery Forum in St. Petersburg.
Russian aquaculture output rose 4.8% to 402,000 tonnes in 2023 from 383,500 tonnes in 2022. The fisheries development strategy envisages aquaculture production will rise to 600,000 tonnes per year by 2030.
Almost US$5.3 billion in seafood, more than US$4.8 billion in fresh fruit shipments and US$1.073 billion in wine exports were registered from Chile between January and August, a period in which Chilean food reached 171 markets around the world.
According to figures from ProChile, based on records from the National Customs Service, the value of Chilean food shipped around the world in the first eight months of the year reached US$14.536 billion, a growth of 3.6% compared to the same period last year.
Climate change impacts Japanese fish stocks. Rising ocean temperatures are permanently altering the distribution of marine species, with long-term consequences for the fishing industry
Once a world power, Japan's fishing industry is facing unprecedented challenges due to the ongoing effects of climate change. Over the past decade, catches of key species such as Pacific saury and Japanese flying squid have fallen to historic lows.
The Norwegian Seafood Council has officially launched its first major campaign in collaboration with football star Erling Braut Haaland, targeting the South Korean market.
The campaign, in partnership with several grocery chains and Norwegian exporters, includes early participation from salmon producer SalMar.
Source: Salmon Business l Read the full article here
Plans to extend marine planning zones in Scotland have been put out to public consultation.
Fish and shellfish farms require planning permission out to 12 nautical miles, however local authority responsibilities for planning controls currently only extend to three nautical miles. Under new proposals, the marine planning zones will be extended.
Source: fishfarmingexpert l Read the full article here
Proximar Seafood AS has announced the confirmation of its first slaughter date, set for September 30, marking a significant milestone for the company. The land-based salmon farming company is developing a state-of-the-art facility near Mount Fuji, Japan, to serve the growing demand for fresh salmon in the region.
In addition, Proximar has secured two new loan agreements totaling 1 billion Japanese yen (approximately NOK 75 million or USD 7.07 million). The loans will provide the company with working capital and act as a liquidity buffer to support its operations as it moves forward with production.
These developments reflect Proximar's steady progress toward becoming a key player in land-based aquaculture in Asia.
HANOI (Xinhua) -- Vietnam earned 953 million U.S. dollars in August from exporting fishery products, up nearly 20 percent over the same period last year, local media reported Monday, citing the Vietnam Association of Seafood Exporters and Producers (VASEP).
Apart from squid and octopus, of which export turnover decreased by 15 percent, the exports of most of Vietnam's key fishery products reported double or triple-digit growth in August.
Shrimp exports rose by 30 percent, pangasius by 18 percent, tuna by 13 percent, and other marine fish by 12 percent.
The value of Vietnam's fishery exports in the first eight months of 2024 was estimated at 6.3 billion dollars, up 9 percent year on year, said the report.
According to the association, Vietnam saw a gradual recovery of seafood exports during the first eight months of this year, both in terms of demand and price.
The association expects that seafood exports for 2024 will be at 9.4-9.5 billion dollars, up 6 percent compared to 2023.
The Icelandic Fisheries Seafood & Aqua Exhibition (IceFish) opens today in Smárinn (Kópavogur, Iceland), to showcase innovations in technology, products and services in the seafood industry to a wide variety of representatives from commercial fishing organisations and associated companies. The event, which runs until Friday 20th, celebrates its 40th anniversary this year with 57 new exhibitors from 14 different countries.
The official opening ceremony will begin at 2pm. The event will be opened by Bjarkey Olsen Gunnarsdottir, Iceland's Minister for Food, Fisheries and Agriculture.
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