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

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
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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