*

Hitt og þetta 10. apríl 2006

Pan Fish ASA increases holding in Fjord Seafood ASA to 57.7%

Nordic Business Report-April 10, 2006-Pan Fish ASA increases holding in Fjord Seafood ASA to 57.7%
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Norwegian seafood group Pan Fish ASA said on Monday (10 April) that it has acquired a further 17.7% of the share capital of Fjord Seafood ASA.

The shares, acquired at NOK8.38 each after trading hours on Friday, increase Pan Fish's total holding to 57.7%.

Pan Fish said that it plans to make a binding offer for all remaining shares of Fjord Seafood.

Pan Fish also said that it has carried out a private placement of 406.25m shares at NOK6.40 per share, raising NOK2.6bn for the financing of its acquisition of Fjord Seafood.

One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))