Article 65DFF Foreign takeover of Tasmanian salmon farmer puts state’s marine life at risk, activists say

Foreign takeover of Tasmanian salmon farmer puts state’s marine life at risk, activists say

by
Graham Readfearn
from World news | The Guardian on (#65DFF)

Cooke Aquaculture, which has a history of environmental controversies, acquired Tassal after shareholders backed billion-dollar deal

Campaigners fear the foreign takeover of Tasmanian salmon farmer Tassal - approved at a shareholder meeting on Thursday morning - will further risk environmentally sensitive shallow waters in the state.

At a company meeting in Melbourne, Tassal shareholders voted strongly in favour of the takeover - reportedly worth $1.7bn - by Canadian salmon producer Cooke Aquaculture.

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