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- Jun 30, 202690% CONFIDENCEfrom the source
Cooke Agrees to Buy Mowi Canada East for CAD 225 Million
- Cooke Inc. agreed on 30 June 2026 to buy the salmon farming operations of Mowi Canada East for CAD 225 million on a debt-free basis[1][3]
- The business spans New Brunswick, Prince Edward Island and Newfoundland and Labrador, with freshwater hatcheries, sea farming sites, two processing plants, 250 employees and 9k GWT of standing salmon biomass at the end of June[1]
- Cooke plans to stabilise and reinvest in the operations through synergies with its existing Atlantic Canada farms[1]
- Mowi booked a write-down of CAD 143 million (EUR 88 million) and cut its 2026 harvest guidance from 605k to 600k tonnes[2][3]
- Closing is expected in the second half of 2026, subject to competition approval and due diligence; it would make Cooke the producer of more than one in three farmed Atlantic salmon raised in Canada[3][4]
References 484% CONFIDENCEOverall confidence: 84%How well the pin's source and references back up its dates.Weighted average of how firmly 4 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%cookeseafood.com/2026/06/30/cooke-enters-into-share-purchase-agreement-to-acquire-mowi-canada-eastcookeseafood.com· Posted Sep 27, 2026· Starts Jun 30, 2026 ✓· 31% of score
Cooke's release is datelined 'June 30, 2026 - Saint John, N.B.'; Mowi[2] filed its side of the agreement ('Mowi has today entered into a Share Purchase Agreement') on Oslo Bors[3] at 04:50 UTC that day.
- [2]80%Mowi Q2 2026 Reportmowi.com· Published Aug 18, 2026· 26% of score
Books Canada East as held for sale, puts the price at EUR 139 million and the write-down at CAD 143 million (EUR 88 million), closing expected in the second half of 2026.[1]
- [3]90%Mowi enters into a Share Purchase Agreement to divest its 9k GWT salmon farming operations in Canada Eastnewsweb.oslobors.no· Published Jun 30, 2026· 22% of score
Mowi's[2] filing: CAD 225 million on a debt-free basis, closing expected in the second half of 2026 pending competition approval and Cooke's confirmatory due diligence, 2026 guidance cut from 605k to 600k GWT and a write-down of about CAD 140 million.
- [4]75%N.B. seafood company reaches $225M deal to acquire salmon farming operationsglobalnews.ca· Published Jun 30, 2026· 22% of score
Global News: the deal is set to close by the end of the year, and would make Cooke the producer of more than one in three farmed Atlantic salmon raised in Canada.
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