Clean Seas Tuna To Buy Aquaculture Growout Businessff

In Australia the publicly listed Clean Seas Tuna Ltd (ASX:CSS) is to buy the Stehr family’s private aquaculture business, Clean Seas Aquaculture Growout Pty Ltd (CSAG).

The acquisition will complete the full business integration by Clean Seas exercising its option to purchase CSAG, as originally outlined in the IPO prospectus.

Clean Seas owns the hatcheries and onshore facilities at Arno Bay, Port Augusta and Fitzgerald Bay which produce kingfish, mulloway and (from 2008) southern bluefin tuna fingerlings.

The proposed acquisition is subject to Clean Seas shareholders approving the transaction at the annual general meeting on November 20.