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Norwegian Cermaq says Uniol closure to have no impact on liquidity(23 Nov 2009 12:49:00 EST)23 November 2009 - Norwegian aquaculture group Cermaq ASA has booked the value of its holding in local biodiesel producer Uniol AS, threatened by closure, at NOK85m, yet said in a statement Monday that a shut-down would not affect its liquidity. Cermaq is engaged in Uniol via a direct ownership of 12.9%. In addition, its 72.5% subsidiary Norgrain, holds 27.1% in Uniol.
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Norwegian Cermaq says Uniol closure to have no impact on liquidity [Nordic Business Report](23 Nov 2009 11:17:00 EST)23 November 2009 - Norwegian aquaculture group Cermaq ASA has booked the value of its holding in local biodiesel producer Uniol AS, threatened by closure, at NOK85m, yet said in a statement Monday that a shut-down would not affect its liquidity. Cermaq is engaged in Uniol via a direct ownership of 12.9%. In addition, its 72.5% subsidiary Norgrain, holds 27.1% in Uniol.
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DnB NOR ups Norwegian Cermaq rating to "buy" [Nordic Business Report](09 Nov 2009 10:39:00 EST)9 November 2009 - DnB NOR Markets upgraded today its recommendation on Norwegian aquaculture group Cermaq ASA to "buy" from "hold", following the release of the group's third-quarter results. At the same time, the share price target was lifted to NOK60 from NOK52.50. Last Friday, Cermaq said its net profit shrank to NOK149.4m in the third quarter of 2009 from NOK156.6m a year earlier.
