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- New Zealand King Salmon (NZK) hits back at media speculation of a company takeover, claiming it has not been approached by any parties about a potential deal
- The company seems to be referring to an article in The Australian published earlier this week claiming Kiwi investment bank Cameron Partners has been testing buyer interest for NZK
- The major salmon producer maintains that it has not been approached by, and is not in discussions with, any parties over a potential buyout
- New Zealand King Salmon produced around 7400 tonnes of salmon and tabled roughly NZ$175 million (A$158 million) in operating revenue over its 2022 financial year
- Shares in NZK lasted traded on the ASX for 18 cents each on June 29
New Zealand King Salmon (NZK) has hit back at media speculation of a company takeover, claiming it has not been approached by any parties about a potential deal.
While the major salmon producer did not cite the specific media in question, it seems to be referring to a piece published in The Australian’s DataRoom section earlier this week claiming Kiwi investment bank Cameron Partners had been testing buyer interest for NZK.
Such a takeover deal would follow a string of major acquisitions in the aquaculture space, including JBS’ $425 million buyout of another major salmon producer, Huon Aquaculture, late last year.
Nevertheless, NZK maintained it was currently not the subject of any kind of takeover proposition.
“NZKS confirms that it has not been approached, and is not in discussions with any parties, regarding a potential takeover transaction,” the company said in an announcement to the ASX this morning.
The company gave no further details about from where the speculation may have come, but NZK said it would continue to inform the market as necessary under its ASX continuous disclosure obligations.
New Zealand King Salmon produced around 7400 tonnes of salmon and tabled roughly NZ$175 million (A$158 million) in operating revenue over its 2022 financial year. The company is listed on both the New Zealand stock exchange and the ASX.
Shares in New Zealand King Salmon lasted traded on the ASX for 18 cents each on June 29.
