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The recent acquisitions of Huon Aquaculture by Brazilian meatpacker JBS offers a great case study on ESG M&A, and an opportunity for investors to weigh impending global regulation on the world's oceans
JBS Australia has just acquired Tasmanian salmon group Huon for $425 million, and says the industry needs to sell its virtues better.
Executive has been with the company for over 14 years.
Iron ore billionaire Andrew Forrest ended up backing the $425 million buyout of the Tassie salmon group after criticising it in the lead-up.
Institutional investors expected to vote in favour of sale, giving Brazilian meat processor JBS the minimum support needed to take control of Huon