Article 5KBWN Andrew Forrest takes $20m stake in Tasmania’s controversial salmon industry

Andrew Forrest takes $20m stake in Tasmania’s controversial salmon industry

by
Michael McGowan
from Environment | The Guardian on (#5KBWN)

Mining billionaire's private investment arm, Tattarang, hauls in 7.33% stake in Huon Aquaculture

The iron ore billionaire Andrew Twiggy" Forrest has waded into Tasmania's controversial salmon industry investing almost $20m in the troubled Huon Aquaculture Group.

Through his family's private investment arm, Tattarang, Forrest has hauled in a 7.33% stake in the Tasmanian salmon farmer, with a statement made to the Australian Stock Exchange late on Monday confirming the purchase.

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