Close
Fishing acquisition provisionally approved
MRA Online

Fishing acquisition provisionally approved

No retrenchments

SOUTH AFRICA: The intended acquisition of Aqunion, Saldanha Sales and Marketing and West Point Fishing as well as the Terrasan Beleggings (Pty) Ltd head office by Sea Harvest Pelagic and Sea Harvest Aquaculture has been conditionally approved by the Competition Commission.

According to a statement issued by the Competition Commission, the parties have committed not to nominate or appoint the same individuals to the board of directors and to implement a confidentiality and information exchange policy to restrict the exchange of competitively sensitive information. 

The merging parties have also agreed not to retrench any employees in South Africa as a result of the proposed merger.

The principal seafood business of Sea Harvest is the fishing of cape hake in South Africa as well as prawns in Australia, the processing of the catch into value-added frozen and non-frozen seafood for marketing and sale, the sustainable farming and marketing of abalone.

The target firms include the various subsidiaries of Terrasan, which operate the pelagic fishing business and abalone business. Saldanha Sales and Marketing and West Point Fishing operate Terrasan’s pelagic fish business. The Saldanha Fishing Business conducts business activities such as harvesting, processing (pilchards into canned pilchards and anchovies into fishmeal and fish oil), supplying and marketing pelagic fish including anchovies and pilchards.

The Saldanha Fishing Business produces canned fish products out of pilchards for the South African market and high-quality fishmeal and fish oil out of anchovies (and by-catch) for local and export markets.

Aqunion operates Terrasan's abalone business, which includes abalone farming, ranching, processing and sales and marketing, as well as the manufacture and sale of aquafeed for use in abalone farming. 

Print
970

UNLOCK MARITIME OPPORTUNITIES

We’re offering a massive 25% discount on our annual Maritime Tender Alert Subscriptions as part of our extended Black Friday sale.


🚀   Receive real-time alerts for maritime tenders worldwide, giving you a head start on opportunities
🚀   Our comprehensive database covers everything from port services to vessel maintenance contracts
🚀   Stop manually searching multiple sources - we aggregate all relevant tenders in one place
🚀   Easy to access bid documents with a simple click through
🚀   Track trends in maritime procurement in Africa
🚀   Monthly spreadsheet of all tenders (Premium subscribers only)

SUBSCRIBE NOW

 525 TENDERS PUBLISHED IN 2024


SAVE AND WIN     |    SUBSCRIBE BEFORE 30 NOVEMBER

DOUBLE PRIZE DRAW: Subscribe before November 30th 2024 and you will automatically  be entered into our exclusive draw to win one of TWO amazing prizes!


One lucky new subscriber will WIN THEIR SUBSCRIPTION FREE - receiving a full refund on their fee.*

PLUS, you could be the subscriber that wins a premium THREE-MONTH ADVERTISING BANNER (valued at R12,000) on the Maritime Review Africa website. *


WINNERS WILL BE ANNOUNCED ON MONDAY, 2 DECEMBER 2024. 

* Only subscribers who sign up AND pay by 30 November 2024 will qualify for the prize draw. 
Discount and prizes do not apply to the Trial Subscription


image

LATEST NEWS

No content

A problem occurred while loading content.

Previous Next

Subscribe to newsletter

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us. We will treat your information with respect. You agree that Maritime Review may process your information in accordance with its terms.
We use MailChimp as our marketing automation platform. By clicking below to submit this form, you acknowledge that the information you provide will be transferred to MailChimp for processing in accordance with their Privacy Policy and Terms.

CONTACT US

EMAIL:  editor@maritimesa.co.za
PHONE: +27 21 914 1157

Terms Of UsePrivacy StatementCopyright 2024 | More Maximum Media - publishers of Maritime Review Africa
Back To Top