Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Sea Harvest seafood processing plant. (Photo: Sea Harvest)

Sea Harvest reaches deal to buy Viking Fishing assets

Click on the flag for more information about South Africa SOUTH AFRICA
Thursday, June 14, 2018, 01:30 (GMT + 9)

A consortium led by frozen fish supplier Sea Harvest Group reached a deal to buy the fishing business of Viking Fishing Group for ZAR 885 million (USD 66.9 million).

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 1980 and its fishing business operates a fleet of 30 vessels along the South Africa coast from Cape Town to Maputo in Mozambique.

"The acquisition of the Viking Group fits the group’s investment criteria and Sea Harvest is confident of the value that a combination of Sea Harvest and the Viking Group would generate," the Group pointed out.

The proposed acquisition would significantly increase black ownership in the fishing industry due to the strong transformation credentials of Sea Harvest and ensure the preservation of 1,600 jobs, 90 per cent of which consisted of historically disadvantaged individuals, particularly in the ports of Mossel Bay, Saldanha Bay and Cape Town and the rural communities of Kleinzee and Gansbaai.

Related articles:

- Sea Harvest getting closer to buy Viking Fishing assets
- Sea Harvest plans to acquire Viking Fishing

 
[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
United States
Oct 13, 07:00 (GMT + 9):
IN BRIEF - Sea change coming for aquaculture in Canada
Canada
Oct 13, 07:00 (GMT + 9):
IN BRIEF - White Dog Labs announces first production plant for its aquaculture feed ingredient, ProTyton™
United States
Oct 13, 07:00 (GMT + 9):
IN BRIEF - One decision for fisheries viability
United States
Oct 13, 07:00 (GMT + 9):
IN BRIEF - Importance of baitfish to fisheries and food chains
United Kingdom
Oct 13, 07:00 (GMT + 9):
IN BRIEF - Aquaculture Pilot Program Keys In On Washburn Island, Great Pond
European Union
Oct 13, 07:00 (GMT + 9):
IN BRIEF - Commission recruits fisheries experts
South Africa
Oct 13, 02:10 (GMT + 9):
Fisheries department to appeal rock lobster quota ruling
United States
Oct 13, 00:40 (GMT + 9):
Undocumented workers in Louisiana's seafood industry struggle against labour abuse
Falkland Islands
Oct 12, 23:30 (GMT + 9):
Government and fishing industry looks for Galicia’s support during Brexit
Spain
Oct 12, 23:00 (GMT + 9):
Galicia and the EU join in the fight against illegal fishing
Australia
Oct 12, 22:30 (GMT + 9):
Huon obtains yellowtail kingfish farming licence in Western Australia
Ecuador
Oct 12, 22:10 (GMT + 9):
Cargill inaugurates cutting-edge shrimp feed plant
Spain
Oct 12, 21:50 (GMT + 9):
'Old' Pescanova loses EUR 124,000 in its third quarter
Canada
Oct 12, 21:40 (GMT + 9):
Govt takes steps to protect Pacific wild salmon
Chile
Oct 12, 21:20 (GMT + 9):
Invermar farming centre certified as antibiotic-free



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Undocumented workers in Louisiana's seafood industry struggle against labour abuse
United States Louisiana's undocumented seafood workers have decided to join efforts to combat work´place abuse in a USD 2 billion-a-year industry.
Albacore fishery reopened
Spain The Ministry of Agriculture, Fisheries and Food has authorized the reopening of the fishery for albacore tuna (Thunnus alalunga) in the Atlantic Ocean from 00:00 on October 11 thanks to an exchange of quotas with Portugal.
Fisheries department to appeal rock lobster quota ruling
South Africa The Department of Agriculture, Forestry and Fisheries is considering to appeal a court ruling on fishing quotas in favour of the WWF’s application for the department to reduce the quota.
Few families hold 29pct of UK’s fishing quota, Greenpeace reveals
United Kingdom An investigation carried out by Greenpeace Unearthed project has determined that more than two-thirds of the UK’s fishing quota is controlled by just 25 businesses.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER