Joint press statement by Egersund and Wheatsheaf
Reference is made to the statement of February 4, 2015, with regards to sale by Egersund Group AS (
Wheatsheaf and Egersund are delighted to complete this transaction which establishes Wheatsheaf, another strategic long-term industrial investor, as a substantial minority shareholder in AKVA Group, with a shareholding of 15.1%. Egersund remains the sole majority shareholder in AKVA Group and together with Wheatsheaf, reiterate their long-term commitment to support the management team in the continued development of AKVA as the market leading provider of technology and services to the global aquaculture industry.
Wheatsheaf was established by the Grosvenor Estate in 2012. Its growing portfolio is focused on selected investment themes, all of which seek to enhance resource efficiency in food production. The investment focus is on sectors such as animal breeding, nutrient recovery, aquaculture, alternative proteins and energy efficiency. Wheatsheaf invests in companies and their management teams who share its vision to find ways of producing more from less, to drive returns and contribute towards a more sustainable future.
As part of the Grosvenor Estate, Wheatsheaf brings many centuries of understanding of stewardship and partnership. Through its substantial global network it expects to positively support the international growth ambitions of the AKVA group.
About the Grosvenor Estate
The Grosvenor Estate represents all of the assets and business interests, including rural estates owned by trusts on behalf of the Grosvenor family headed by the sixth Duke of Westminster. The three key elements are Grosvenor Group, an international property group which has owned or managed assets in more than 70 urban centres around the world; Wheatsheaf Group, which comprises investments in sustainable food and energy initiatives together with a number of trading companies in the North West of England; and the Family Investment Office which includes 5 rural estates in the United Kingdom and Spain and a charitable foundation.