The deal will be funded by the consortium through a combination of cash, bank loans, an issue of 19.2 million Sea Harvest ordinary shares and vendor funding, the Group said in a statement.
Since listing in 2017, Sea Harvest has actively sought to grow its business through acquisitions, as part of its strategy to become one of the largest and most diversified food and seafood product black-owned firms.
Privately held Viking Group was founded in 19...
New catch limits set for 32 fish stocks New Zealand
The commercial tarakihi (Nemadactylus macropterus) catch in the fisheries areas off the east coast of the North and South Islands is to be reduced by 20 per cent in an effort to rebuild the depleted stock.