Pacific Andes buys into salmon farming, Tassal

2010-12-09T10:21:00

PARD is to buy a total of 28,910,367 shares in Tassal, which is the largest salmon producer in Australia.

Pacific Andes Resources Development (PARD) has acquired a 19.8% stake in Australian salmon producer, Tassal. The Singaporean company paid AUD 51.7 million (€38.5 million/$50.9 million), or AUD 1.79 (€1.33/$1.76) per share, for the stake. Tassal recently rejected a hostile takeover bid from Pacific Equity Partners which was prepared to pay ...

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