Mitsubishi Corporation
Notice Regarding Changes to Specified Subsidiaries (Designation of Subsidiaries as Specified Subsidiaries)
Cermaq Group AS, a wholly owned subsidiary of Mitsubishi Corporation, conducted a capital increase with Cermaq Holding AS, Cermaq Norway Holding AS, and CQ Canada Holding Ltd to fund the acquisition of three salmon farming businesses under Grieg Seafood, resulting in these entities 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 Value: Unknown
- Expected Completion Date: Unknown
- Expected Synergies: Strengthening business foundation by funding acquisition of salmon farming operations
AI要約
Transaction Overview
Cermaq Group AS, a wholly owned subsidiary of Mitsubishi Corporation, made a capital increase to Cermaq Holding AS, Cermaq Norway Holding AS, and CQ Canada Holding Ltd for the purpose of funding the acquisition of three salmon farming businesses under Grieg Seafood (Northern Norway business, West Coast Canada business, East Coast Canada business). As a result, the capital of these three companies has reached more than 10% of Mitsubishi Corporation's capital, qualifying them as specified subsidiaries of Mitsubishi Corporation. The transaction value and completion date are not disclosed.
Purpose and Background of the Transaction
This transaction aims to raise funds for Cermaq Group AS to acquire the three salmon farming businesses under Grieg Seafood. This strengthens the investment foundation for the Mitsubishi Corporation Group's salmon farming and sales business and aims to expand the business. The impact on financial results and financial position for the fiscal year ending March 2026 due to this change is expected to be minor.
