Oceana strikes major fishery acquisition

by Thabile Manala 2 views0

Oceana group has announced the acquisition of Daybrook Fisheries.

[DATA OCE:Oceana Group] has announced the acquisition of Daybrook Fisheries.

According to reports, the acquisition of the entire share capital will cost 382.3 million dollars.

US based Daybrook Fisheries is a private company that harvests the small, oily fish Gulf menhaden and processes its catch into fishmeal and fish oil.

Oceana’s shares rose by 1.08 per cent following the announcement.

Tigerbrands owns 43.8 per cent of the Oceana ordinary shares.