Norway-based Cermaq said the offer was substantially higher than the implicit value of EWOS in the historical value of its shares.
The company has given the private equity firms access to EWOS management for three weeks to review the business in order to complete a potential financing deal.
It said the pair had already received written confirmation for debt financing from “solid” Nordic and international banks.
A statement from Altor said both private equity firms had followed the aquaculture industry for several years, and saw great potential in working with EWOS’ management team.
The firms have retained Carnegie as their financial advisor in connection with the deal.
Cermaq said its board aimed to convene an extraordinary general meeting to ensure a binding agreement with the investor group could be completed in mid-July.
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