Sea Harvest reels in Australian fishing group for R790m
11 January 2022 - 09:05
UPDATED 11 January 2022 - 16:25
Fishing group Sea Harvest has signed a A$70m (R788m) deal to acquire the seafood interests of Australian group MG Kailis, adding to its international footprint as well as access to high-value species such as prawns.
Sea Harvest, established in 1964 and valued at R4.33bn on the JSE, already has a division in Australia that generates just over a tenth of group revenue. The acquisition is part of a group strategy to seek sizeable international businesses...
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