Monday, January 9, 2012

Skeggs sells off aquaculture assets to concentrate on tourism

Dunedin-based Skeggs Group, has sold off all of its aquaculture assets to concentrate on expanding its southern tourism holdings. In 2010 Skeggs sold the majority of its aquaculture assets to Sanford Ltd for around AUS$85 million (€68.068 million) but they held onto its Bluff oyster and salmon holdings, but recently this has been sold off too a Malaysian majority interests forAUS$1 million (€801,000).

The privately owned 60-year-old Skeggs Group has sold its Pacifica Salmon Ltd subsidiary company for AUS$950,000 (€760,760) to The New Zealand King Salmon Co Ltd, a Malaysian majority shareholder company which this week gained consent from the Overseas Investment Office for the purchase. Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers. To get your copy of  'PPLAPP' click here.

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1 comment:

  1. This is nice. I learned something new here. Something not mentioned in schools that is.

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