Brief: Barramundi Group Signs Partnership For Australia Biz

Barramundi

27/12/2022 13:38

Dec 27 (Reuters) - Barramundi Group Ltd  BARRA.OL :
    * STRATEGIC PARTNERSHIP FOR AUSTRALIA BUSINESS
    * LETTER OF AGREEMENT FOR SALE OF 75% OF COMPANY'S STAKE IN ITS AUSTRALIA BUSINESS UNDER
MARINE
PRODUCE AUSTRALIA PTY LTD
    * SALE FOR A CONSIDERATION OF AUD1.6M CASH WITH A FURTHER EARN OUT PAYMENT OF AUD3.4M
    * DEAL ALSO INCLUDES BARRAMUNDI GROUP OBTAINING OWNERSHIP OF 34% OF WOA'S SHARES

Source text for Eikon:  ID:nObibnKjFa 
Further company coverage:  BARRA.OL 
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