Dutch Atlantic salmon giant Nutreco is reportedly in talks to acquire the 81.3% stake in Tasmanian salmon producer Tassal that it does not already own.
Beleaguered Tassal entered receivership in late June of this year, with a A$32.5m (US$17.97m) debt owed to the ANZ Banking Group, and its receiver Mark Mentha, of Korda Mentha & Colleagues, confirmed that Nutreco is mulling the buyout.
Mentha said that Tassal is expected to sell for as much as A$45m.
Nutreco is currently Tassal’s single largest shareholder, with an 18.7% holding.
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By GlobalData