Approval given for $500m takeover of Tasmanian salmon farmer by Brazilian meat processing giant
by Royce Kurmelovs from World news | The Guardian on (#5R3W2)
Environmentalists say Huon deal will make it harder to regulate local industry and is truly bleak news' for the state
Brazilian meat processing giant JBS has been cleared to take over Tasmanian salmon farmer Huon by the Foreign Investment Review Board in a move environmental groups fear will make it harder to regulate the local industry.
Huon Aquaculture received final approval on Monday when the FIRB confirmed it did not object to the $500m takeover bid.
Continue reading...