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 ...

Continue this article…

Already subscribed? SIGN IN now

WF Digital

Register for free access to more World Fishing & Aquaculture content

Want to read more? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the commercial fishing and aquaculture sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the commercial fishing industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today