Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Advanced Composites
LeftNav
Aerospace
LeftNav
Amorphous Metal Structures
LeftNav
Analysis and Simulation
LeftNav
Asbestos and Substitutes
LeftNav
Associations, Research Organisations and Universities
LeftNav
Automation Equipment
LeftNav
Automotive
LeftNav
Biomaterials
LeftNav
Building Materials
LeftNav
Bulk Handling and Storage
LeftNav
CFCs and Substitutes
LeftNav
Company
LeftNav
Components
LeftNav
Consultancy
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
Pro Engineering Zone
 
 
 
News

Sale of shares in Pronova Biocare

Hydro Aluminium : 15 April, 2005  (Company News)
Hydro has agreed to sell its remaining shareholding of 19.5 % in Pronova Biocare AS to PB Holding AS, a company controlled by the Ferd Private Equity Fund.
The sale reflects Hydro’s strategy to concentrate on core businesses. The proceeds from the sale of these shares is NOK 275 million. This results in a gain for Hydro of approximately NOK 230 million which will be recorded in second quarter 2005.

Hydro sold 80.1 % of Pronova Biocare AS to Ferd in January 2004. In connection with this sale Pronova Biocare borrowed NOK 225 million from Hydro. Pronova Biocare has recently repaid this loan.

Pronova Biocare is a world leader within development, production and sale of marine Omega-3 fatty acids. The activity is covering pharmaceutical, consumer and industrial applications. The company has production facilities in Sandefjord and Ålesund, Norway, and the products are sold primarily in the EU and the USA.

Pronova Biocare is marketing Omacor which is among the first pharmaceuticals developed and produced in Norway. The product is based on Omega-3 fatty acids and has been approved in a number of European countries and the USA.
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   Â© 2012 NewMaterials.com
Netgains Logo