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- New Zealand King Salmon (NZK) hits again at media speculation of an organization takeover, claiming it has not been approached by any events a couple of potential deal
- The firm appears to be referring to an article in The Australian printed earlier this week claiming Kiwi funding financial institution Cameron Partners has been testing purchaser curiosity for NZK
- The main salmon producer maintains that it has not been approached by, and isn’t in discussions with, any events over a possible buyout
- New Zealand King Salmon produced round 7400 tonnes of salmon and tabled roughly NZ$175 million (A$158 million) in working income over its 2022 monetary 12 months
- Shares in NZK lasted traded on the ASX for 18 cents every on June 29
New Zealand King Salmon (NZK) has hit again at media speculation of an organization takeover, claiming it has not been approached by any events a couple of potential deal.
While the main salmon producer didn’t cite the precise media in query, it appears to be referring to a chunk printed in The Australian’s DataRoom part earlier this week claiming Kiwi funding financial institution Cameron Partners had been testing purchaser curiosity for NZK.
Such a takeover deal would comply with a string of main acquisitions within the aquaculture house, together with JBS’ $425 million buyout of one other main salmon producer, Huon Aquaculture, late final 12 months.
Nevertheless, NZK maintained it was at present not the topic of any sort of takeover proposition.
“NZKS confirms that it has not been approached, and is not in discussions with any parties, regarding a potential takeover transaction,” the corporate mentioned in an announcement to the ASX this morning.
The firm gave no additional particulars about from the place the speculation might have come, however NZK mentioned it will proceed to tell the market as mandatory beneath its ASX steady disclosure obligations.
New Zealand King Salmon produced round 7400 tonnes of salmon and tabled roughly NZ$175 million (A$158 million) in working income over its 2022 monetary 12 months. The firm is listed on each the New Zealand inventory alternate and the ASX.
Shares in New Zealand King Salmon lasted traded on the ASX for 18 cents every on June 29.
New Zealand King Salmon (ASX:NZK) quashes takeover speculation – The Market Herald & More Latest News Update
New Zealand King Salmon (ASX:NZK) quashes takeover speculation – The Market Herald & More Live News
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New Zealand King Salmon (ASX:NZK) quashes takeover speculation – The Market Herald & More News Today
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