Tasmanian Salmon farmers, Tassal, release name of shrimp business they want to purchase

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However no formal purchase agreement has been signed yet.

Australia’s Tassal Group said it is in negotiations with the Fortune Group of Companies to acquire various shrimp business assets as reported in the Australian.

The Australian Stock Exchange requested Tassal to name the vendors associated with the possible purchase.

“Tassal wishes to reiterate that the possible purchase terms are incomplete and not yet finalised,” the group said in a letter Monday. Adding that “no formal binding purchase agreement has been signed and accordingly there is no certainty that a transaction will eventuate.”