Asian seafood giant Pacific Andes is selling a 17.1 per cent...

Asian seafood giant Pacific Andes is selling a 17.1 per cent stake in Tassal Group through broker UBS.

UBS contacted fund managers after market close on Thursday offering 25 million shares at $3.65 each.

The shares were being sold at an 11.2 per cent discount to their last close of $4.11 and a 9.7 per cent discount to the 5-day volume-weighted average priced.

Pacific Andes will be left holding about a 5.5 per cent stake in the Tasmanian salmon grower and has agreed not to sell any more for 180 days.