The deal will be funded by the consortium through a combination of cash, bank loans, an issue of 19.2 million Sea Harvest ordinary shares and vendor funding, the Group said in a statement.
Since listing in 2017, Sea Harvest has actively sought to grow its business through acquisitions, as part of its strategy to become one of the largest and most diversified food and seafood product black-owned firms.
Privately held Viking Group was founded in 19...
Maine’s cod capture value plummets United States
Maine’s cod fishery has declined to the point that it had its least valuable year in more than a half-century in 2018, which experts attribute to overfishing as well as possible environmental factors.