Sea Harvest to acquire Terrasan’s pelagic and part of abalone business
BEE company Brimstone will no longer have majority control after issuance of new shares
22 January 2024 - 20:00
Fishing group Sea Harvest said on Monday it has offered to buy Terrasan’s pelagic business and part of its abalone business for R965m in a deal that will be settled in new shares and cash.
The proposed transaction will position Sea Harvest to diversify and sell a greater number of fish products, as well as boost some existing quotas...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.