Vow to keep Independent Fisheries intact helped Sealord reel in $40m discount

Sealord Group's acquisition of Independent Fisheries in January made Sealord NZ's largest seafood company. (Image: Supplied)

Gregor Thompson

Tue, 24 Dec 2024

Sealord Group chief executive Doug Paulin says Independent Fisheries’s desire to keep the business intact helped Sealord acquire it at a $43.4 million discount. Kura Limited, the holding company of various Pacific-based fishing companies, including Sealord, filed annual earnings to Sep 30 on the Companies Office on Friday. Details published in the financial statements showed Sealord paid $232.1m for its 100% stake in Independent Fisheries Limited (IFL) on Jan 31. An independent valuer estimated the fair value of IFL&rsquo...

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