Three Namibian hake rights holders signed into a 15 percent shareholding worth NAD 75 million (€5.1 million/$5.5 million) with Seawork Fish Processors at Walvis Bay this week, reports The Namibian.
The three rights holders, Escalate Investments (Pty) Ltd, Green Rose Trading (Pty) Ltd, and Omaruru Fishing, pooled their quotas and have each taken up a 33.3 percent share in the establishment of NamHake Investments, which since Nov. 1 is an official shareholder of Seawork.
The shares come in the form of assets, which include Seawork fishing vessels, fish shops at Windhoek, Walvis Bay and in South Africa, and local property.
Besides
