Advertise with fastmoving.co.za
 
 

Sea Harvest and its parent Brimstone Investments say negotiations are under way to acquire Viking Fishing for an undisclosed amount.
Sea Harvest and its parent Brimstone Investments say negotiations are under way to acquire Viking Fishing for an undisclosed amount.

Sea Harvest in talks to acquire Viking Fishing

FMCG SUPPLIER NEWS

bdlive - Dec 11th 2017, 10:36

Sea Harvest and its parent Brimstone Investments say negotiations are underway to acquire Viking Fishing for an undisclosed amount.
 

Sea Harvest said on Monday that it was leading a consortium of broad-based black economic empowerment investors which is considering buying all of Viking Fishing.

Under the deal, the JSE-listed fishing group, which was unbundled from Brimstone in March, will also acquire 51% of Viking Aquaculture.

Sea Harvest said Viking, founded in 1980, supplies seafood including hake, abalone, and prawns to wholesalers and retailers.

Conditions on the deal include due diligence of Viking Fishing and Viking Aquaculture, along with ministerial and competition authority approvals.

Sea Harvest’s share price was flat R11.55 in early trade on the JSE, giving Sea Harvest a market value of R2.9bn.

© BusinessLIVE MMXVII 

Read more about: viking fishing | sea harvest | brimstone

Related News

Listing helps boost Sea Harvest profit
07/03/2018 - 16:03
Sea Harvest, the recently listed fishing enterprise controlled by Brimstone Investment Corporation, netted a sizeable profit haul in the year to end-December.

Strong global demand for Cape hake helps Sea Harvest shares
05/02/2018 - 14:44
Sea Harvest’s share price rose 4% on Monday, on the expectation of improved performance in SA, driven by strong market demand for Cape hake globally and the performance of investments the group has made in Saldanha Bay processing plants.

Sea Harvest subsidiary lands mackerel permits
06/11/2017 - 15:45
Recently listed fishing group Sea Harvest — which is controlled by empowerment group Brimstone — has cast its net wider in Australia.

Sea Harvest triples first-half headline earnings
23/08/2017 - 14:00
Sea Harvest has tripled its first-half headline earnings as a result of the improved performance in its South African operations.

Sea Harvest debuts on JSE Main Board under Share Code: SHG
23/03/2017 - 11:18
The Sea Harvest Group (SHG) listed on the Johannesburg Stock Exchange (JSE) today, 23 March 2017, with 42% of the company floated at a trading price of R12,50 per share raising R1.33 billion, resulting in a group market capitalisation of c.R3.14 billion. The money raised will be used to pay down debt and fund growth both locally and internationally allowing it to fulfil its vision of becoming a diversified global seafood company.