Oregon has no plans to sell NZ King Salmon stake

Thu, 30 Aug 2018

By Paul McBeth Aug. 30 (BusinessDesk) - New Zealand King Salmon Investments' cornerstone shareholder Oregon Group doesn't plan to exit its "trophy investment" now the escrow period is over. The restriction on Oregon selling its 40.2 percent stake lifted today, being the first day after the salmon farmer reported its 2018 annual result. That stake is worth $155.7 million at the recent trading price of $2.80, more than twice its $62.3 million valuation when King Salmon sold shares at $1.12 in an initial public offering. Oregon, which ma...

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