Oceana strikes major fishery acquisition - CNBC Africa

Oceana strikes major fishery acquisition

Southern Africa

by Thabile Manala 0

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.

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