Tasmanian salmon company set for Brazilian ownership

Tasmanian salmon giant Huon Aquaculture appears almost certain to become foreign controlled, after Australia's Foreign Investment Review Board green-lit a takeover plan from Brazilian meat-processor JBS.

Financial analyst Sam Baker said the FIRB's decision had been the "most significant hurdle" facing JBS in its push to take control of Huon Aquaculture.The Benders still hold about 12 per cent of the company."It now appears extremely likely that Huon Aquaculture will be taken over by JBS on Friday," Mr Baker said.While JBS would take control, with more than 50 per cent support, it would need 75 per cent support for its scheme of arrangement to pass.

Here we go again. The great sell of. First it was mining,then farming, then industrial business offloaded of shore,then commercial property,then residential property and now or seafood industries. Wake up Australia.

Brazil meat giant gets tick for Huon salmon takeover. Ok, unless the company lowers its environmental standards to that of some others in Tasmania.

hahahah lol now evern third world countries are buying us ....

Didn't know salmon were hairy...

Brilliant not

I feel sicker than an Amazonian Indian whose home has been vandalized by greedy corporations. 'Not in my backyard' Sure.

one day they would on sell the salmon farm to Chinese corp

they are buying pig farms small goods factory beef n now salmon farm

China isn't interested while they own and operate mines in Australia

Imagine what the comments here would be if this was a Chinese company.

So we couldn't get the Chinese interested? 😱

KillScomo

Diversity

Brazil?… Brazil?… Is Brazil the place where they are destroying vast acres of rainforest containing species which have not yet been studied and the homes of native peoples whose cries for help have fallen on deaf ears? That Brazil?

When you own a fish and the fish is the one who is in line to buy the team, you are in line to be the owner?

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