Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Announcement related to Tiger Brands' decision to spin off its entire shareholding in Oceana.

Tiger Brands to spin off stake in Oceana

  (SOUTH AFRICA, 11/23/2018)

Tiger Brands has decided to spin off its 42.1 per cent stake in Oceana Group worth USD 330 million to focus on growing its core food and drinks business.

The firm adopted this decision following a review of Oceana’s fit with the group’s core business undertakings, Oceana reported in a statement.

Oceana Group Ltd. statement ►

The approximate implementation date of the unbundling is April 2019.

About 57 million shares will be handed back to shareholders, Tiger Brands’ Chief Executive Lawrence MacDougall pointed out.

Based on Oceana’s current share price of ZAR 81.41 (USD 5.5), the stake is worth ZAR 4.6 billion (USD 330.21 million).

“The strategic review was looking at our participation across all of our categories and the shares of businesses that we had previously identified as associates,” the firm’s CEO stated said.

“It’s about being more focused on our core portfolio and giving as much attention as possible to growing our core brands,” he added.

The detailed terms of the disposal of the stake are expected to be announced shortly before the implementation date.

According to MacDougall, Oceana Group, which has ZAR 7.7 billion (USD 553.46 million) worth of sales describes itself on its website as the largest fishing company in Africa.


Oceana brands and subsidiaries. (Photo: Oceana Group)

It supplies fish and fish products to consumers across Africa, Asia, Europe, the United States, Australia and the Far East.
 
[email protected]
www.seafood.media


Information of the company:
Address: 3010 William Nicol Drive,
City: Bryanston
State/ZIP: (2021)
Country: South Africa
Phone: +27 11 840 4000
Fax: +27 086 7161846
More about:





 Print


Click to know how to advertise in FIS
MORE ARTICLES
Grow-out module, fishmeal plant project, ice machine. What else will you see at Seafood Expo Eurasia?
The NFI Sushi Council Begins Inaugural Year
Seafood Expo North America Returning to Boston with Latest Innovations and Trends
Australis Introduces A New Generation of Human-Grade Single Ingredient Pet Treats
Consumers Reward Reliable Sustainability Certifications
Skandia Ahumados Launches Two New Products
NaturalShrimp, Inc. Files International Patent Applications
Packaging: a Vital Link Between Brands and Consumers
Sustainability in Feed Production and Latest Trends in Research
Italian Consumers Can Now Choose the Best Smoked Salmon
Harpak-ULMA Introduces ULMA-Vision Inspection Solution
Kontali Acquires Nasdaq Salmon Index
Merck Animal Health to Acquire Elanco’s Aqua Business
Premium Products Launched by Gourmet Tuna Brand Tonnino
Experts in Salmon Production
Boreal Artik is Revolutionizing the Fresh Fish Market
Atlantic Sea Farms Launches Dried Organic Kelp Flake and Dried Organic Kelp Powder
Forsea Unveils First Cultured Eel
Steakholder Foods Adds Plant-Based Shrimps to Expanding Range of 3D-Printed Seafood and Analogues
King Oscar USA Launches All-New Salmon Product Line
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Agreement to increase scientific research on giant squid
Peru Agreement promotes work between the public and private sectors to guarantee the conservation and sustainable development of the giant squid (Dosiducus Gigas). The Ministry of Production (PRODUCE), th...
Chubut's Shrimp Season Resumes After One-Month Pause
Argentina Vessels fishing north of Rawson continue to catch shellfish sizes L2 and L1; to the south similar sizes and somewhat smaller. The fishing production chain is slowly resuming. Yesterday, more than thir...
NFI Welcomes BlueNalu, Pioneers Cell-Cultured Seafood, Launches Sushi Council in Industry Firsts
United States The following is an excerpt from an article published by bnnbreaking: Learn how the National Fisheries Institute's strategic inclusion of BlueNalu and the launch of the Sushi Council are shaping the ...
Southeast Pacific Squid Index: Giant squid (dosidicus gigas)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER