Great synergy with insto support. A class investment with 2007...

Great synergy with insto support. A class investment with 2007 being a super year for SP appreciation.

Spain: Australis strikes seafood deal

Australis aquaculture is to join forces with Western Kingfish to set up Australias largest finfish production unit with a view to expanding market access to US.

Barramundi grower and exporter Australis Aquaculture Ltd is venturing towards a new seafood taste through an investment in a kingfish production company – the second of its kind in Australia. According to the Australian Daily Telegraph, Australis has bought 2.5 million shares, or 10% of the issued capital, of Western Kingfish Ltd (WKL) in exchange for the use of its technology and services.

http://www.mercapesca.net/index.php?IDIOMA=ENG&MPRIN=MER&MSEC=MER.NOT&PLANA=2&ACCIO=2042

UK: Australis strikes seafood deal

BARRAMUNDI grower and exporter Australis Aquaculture Ltd is venturing towards a new seafood taste through an investment in a kingfish production company – the second of its kind in Australia.
According to the Australian Daily Telegraph, Australis said it had bought 2.5 million shares, or 10% of the issued capital, of Western Kingfish Ltd (WKL) in exchange for the use of its technology and services.
Western Kingfish is spending $6 million redeveloping an aquaculture site, in waters near Jurien Bay, about 270km north of Perth, to produce yellowtail kingfish.
The facility is to become Western Australia's first major finfish production unit, with the first kingfish to be ready for harvest in 12 months.
It will be the second company in Australia to produce yellowtail kingfish on a commercial scale – after the $100 million South Australian-based Clean Seas Tuna Ltd.
Australis non-executive chairman and Western Kingfish founder Stewart Graham said it planned to joint venture with Western Kingfish to produce yellowtail in the US.
“We didn't want the distraction of putting the kingfish exercise into Australis at the moment so we've created a new company, and that company will develop an understanding and capability in kingfish, and then we'll translate that to America in the not to distant future,” he said.
Australis, which is investing $14 million in barramundi production, will provide Western Kingfish with access to its network of 160 wholesale distributors and more than 600 supermarkets in the US.

http://www.fishfarmer-magazine.com/news/fullstory.php/aid/828/Australis_strikes_seafood_deal.html