Andrew Forrest has sunk his hooks into Huon Aquaculture Group as he continues to expand his seafood farming interests.
The Forrest family’s private investment arm, Tattarang, has paid almost $20 million for a 7.33 per cent stake in the Tasmanian salmon farmer.
Tattarang secured the stake in a block trade as Phil King’s Regal Funds Management, a long-time shareholder, sold out of Huon.
Takeover suitors have been circling Huon, which announced in February that it had appointed advisers after receiving unsolicited offers for the business.
Tattarang secured what is seen as a strategic stake for $2.48 a share on June 17. The stock closed at $2.50 on Monday.
The Forrest family also has a stake in Ridley Corporation, which has supplied fish feed to Huon in the past.
