TGR tassal group limited
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News: PARD buys stake in Tassal

  1. FNN News
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    10/12/10
    10:01
    Post #: 7593739
    .

    Fairfax Media reports that Singapore-listed Pacific Andes Resource Development (PARD) has bought a key 19.8 per cent stake in Tassal Group Ltd (ASX:TGR).

    The $51.7 million investment in the salmon famer leaves a possible joint-ownership deal between PARD and Pacific Equity Partners.

    Earlier this week, Pacific Equity Partners made a $278 million offer for Tassal, which was rejected by the company.

    For the year ended 30 June 2010, Tassal Group reported a net profit of $28 million.
    TGR Price at posting: $1.67 Sentiment: None Disclosure: Held
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