SALMON INDUSTRY – AUSTRALIA

Tassal reels in De Costi

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Original article by Jared Lynch
The Australian Financial Review – Page: 27 : 2-Jul-15

Shares in Australian-listed Tassal Group closed 8.1 per cent higher at $A3.60 on 1 July 2015, in response to a deal to acquire De Costi Seafoods. Tassal has advised that the $A50m cash component of the deal will be financed via debt, while De Costi will also be issued up to 10 million shares in the salmon producer over three years.

CORPORATES
TASSAL GROUP LIMITED – ASX TGR, DE-COSTI SEAFOODS (HOLDINGS) PTY LTD, SYDNEY FISH MARKETS PTY LTD

Scales tipped in favour of $400m Huon IPO

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Original article by Bridget Carter
The Australian – Page: 18 : 29-Sep-14

Huon Aquaculture, which has a share of 40% of the salmon market in Australia, is staging an IPO worth more than $A400m. Simon Marais, MD of fund management firm Allan Gray Australia, notes that with Tassal commanding 50% the industry is a virtual duopoly, and this will underpin good earnings prospects for Huon. However there are some doubts by others, based on the long maturation period of three years for salmon stocks. Also planning a float is jewellery company Lovisa

CORPORATES
TASSAL GROUP LIMITED – ASX TGR, HUON AQUACULTURE COMPANY PTY LTD, LOVISA PTY LTD, ALLAN GRAY AUSTRALIA PTY LTD, PETUNA AQUACULTURE PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, MORGANS FINANCIAL LIMITED