Mitsubishi Corporation
Notice Regarding Change in Specified Subsidiaries (Designation of Subsidiaries as Specified Subsidiaries)
Mitsubishi Corporation announced that its wholly owned subsidiary Cermaq Group AS conducted capital increases in three Cermaq subsidiaries to fund the acquisition of three salmon farming businesses under Grieg Seafood, resulting in these subsidiaries becoming specified subsidiaries.
Key Figures
- Transaction Type: Designation as specified subsidiaries via capital increase
- Target Companies: Cermaq Holding AS, Cermaq Norway Holding AS, CQ Canada Holding Ltd
- Transaction Amount: Unknown
- Expected Completion Date: December 19, 2025 (Date of capital increase decision)
- Expected Synergies: Business expansion through funding of salmon farming business acquisition
AI要約
Overview of the Transaction
Cermaq Group AS, a wholly owned subsidiary of Mitsubishi Corporation, has made capital increases to three subsidiaries—Cermaq Holding AS, Cermaq Norway Holding AS, and CQ Canada Holding Ltd—with the purpose of funding the acquisition of three salmon farming businesses under Grieg Seafood (Northern Norway operations, West Coast Canada operations, and East Coast Canada operations). As a result, the capital of these three companies represents more than 10% of Mitsubishi Corporation’s capital, qualifying them as specified subsidiaries. The capital amounts for each subsidiary are NOK 4,161 million (approximately JPY 64.2 billion) for Cermaq Holding AS, NOK 2,615 million (approximately JPY 40.3 billion) for Cermaq Norway Holding AS, and CAD 209 million (approximately JPY 23.3 billion) for CQ Canada Holding Ltd.
Purpose and Background of the Transaction
This transaction aims to raise funds for Cermaq Group AS’s acquisition of the three salmon farming businesses under Grieg Seafood. Through this, Mitsubishi Corporation intends to strengthen its investment in salmon farming and sales, expanding its business foundation. The impact on the financial results and condition for the fiscal year ending March 2026 due to this change is considered minimal.
