TORONTO, July 19 /CNW/ - In connection with its previously disclosed plan to sell its aquaculture business, George Weston Limited ("Weston") announced today it has entered into an agreement with EWOS Canada Ltd., a subsidiary of the Norwegian based Cermaq ASA, for the sale of its Canadian west coast aquaculture business. The sale is subject to regulatory approval. Combined with the previously announced sale of its east coast aquaculture business, upon the closing of this transaction, Weston will have completed the sale of the remaining discontinued Fisheries operations. Weston will receive total net proceeds for this discontinued business of approximately $38 million, which will result in an after tax loss on sale of approximately $24 million. George Weston Limited is one of North America's largest food processing and distribution groups operating in two segments: baking through Weston Foods, and food and general merchandise distribution through Loblaw Companies Limited.