Salmon is clearly protein’s new black and there is a corporate scramble to buy those producing it as the bid by Canada’s Cooke for ASX-listed Tasmanian group Tassal shows.
Andrew Forrest has defended his low initial bid for salmon farmer Huon as the offer factored in costs to move its controversial Macquarie Harbour farms into deeper waters.
All eyes are on Australia’s foreign investment review board’s ruling on a mooted takeover of Huon Aquaculture,with new bids likely to emerge if the deal is knocked back.
Andrew Forrest has called on Australia’s foreign investment review board to take a hard look at meat processor JBS’s acquisition of Tasmanian salmon farmer Huon.
Not everyone in Tasmania is on board with the mining magnate’s bid to thwart a $500 million takeover of Tasmanian salmon producer Huon on environmental grounds.
Brazilian meat processing giant has launched an unexpected secondary takeover bid for Huon Aquaculture in an effort to muscle out mining billionaire Andrew Forrest.
WA billionaire Andrew Forrest’s investment company Tattarang has spent $43 million this week to increase its Huon stake to 18.5 per cent in a move that complicates the $550 million JBS takeover.
The controversial kingfish farm in the Port Stephens marine park has been abandoned just two years into its five-year trial.
ASX-listed aquaculture companies Tassal and Huon are debating the health of Macquarie Harbour,an important salmon fishery on the apple isle's west coast.