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Sea Harvest gains control of Australian company

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Cape Town - Sea Harvest has managed to secure control of Mareterram, a vertically integrated agri-business listed on the Australian Stock Exchange, the company said on Wednesday.

Sea Harvest will own an effective 56% of Mareterram, after shareholders accepted a bid from Sea Harvest totalling approximately R200m.

According to a statement by Sea Harvest, Mareterram owns a fleet of ten prawn trawlers and is the largest license holder in the Western Australian Shark Bay Prawn Managed Fishery. It catches and processes wild caught King and Tiger Prawns. The prawn fishery has also attained Marine Stewardship Council certification for sustainable fisheries.

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