CAQ caq holdings limited

cell aqua buys out netherlands partner

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    - Thursday - October 11: (RWE Australian Business News) -
    As previously foreshadowed, worldwide barramundi farming specialist Cell
    Aquaculture (ASX: CAQ) has negotiated to buy out its joint venture
    partner to own 100 percent of Cell Aquaculture Netherlands BV. The main
    asset is the Tolbert barramundi facility in Holland.
    The Tolbert facility is fitted with Cell's proprietary
    production system and is now fully stocked and has commenced selling
    barramundi to local markets. The facility has a production capacity
    of 70 tonnes of barramundi per annum.
    Cell Aquaculture is expanding its capacity and sales in Europe
    with the Dutch facility and has also installed another barramundi
    production facility in Bulgaria for a publicly listed seafood
    company - Atlantic Ltd.
 
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