SEAFOOD INDUSTRY – AUSTRALIA

Stakes high as China FTA cut-off looms

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Original article by Lisa Murray
The Australian Financial Review – Page: 9 : 28-Aug-15

Trade Minister Andrew Robb says he and his Chinese counterpart are racing to ratify the free trade agreement (FTA) by December 2015. Robb said he was reassuring Beijing following opposition to the FTA from Australian trade unions and the Australian Labor Party. The starting point is crucial, according to the National Farmers Federation, because the first year of tariff cuts is worth $A300 million to the agriculture industry.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, CHINA. MINISTRY OF COMMERCE. DEPT OF FOREIGN TRADE, NATIONAL FARMERS’ FEDERATION LIMITED, AUSTRALIAN LABOR PARTY, FERGUSON AUSTRALIA PTY LTD

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

Beston IPO to follow lobster, dairy stakes

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Original article by Simon Evans
The Australian Financial Review – Page: 20 : 9-Apr-15

Former WorleyParsons executive Sean Ebert has become CEO of Beston Global Food Company ahead of its proposed Australian sharemarket float in July 2015. Beston has also appointed GrainCorp chairman Don Taylor and formers Santos chairman Stephen Gerlach to its board. Meanwhile, it has acquired stakes in live lobster exporter Ferguson Australia and biodynamic dairy firm B.-d. Paris Creek

CORPORATES
BESTON GLOBAL FOOD COMPANY LIMITED, FERGUSON AUSTRALIA PTY LTD, B D FARM PARIS CREEK PTY LTD, GRAINCORP LIMITED – ASX GNC, WORLEYPARSONS LIMITED – ASX WOR, IOOF HOLDINGS LIMITED – ASX IFL, BELL POTTER SECURITIES LIMITED, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, INDEPENDENT GROCERS OF AUSTRALIA, BESTON WINE INDUSTRY TRUST, CHALLENGER LIMITED – ASX CGF