One of Australia’s biggest private agribusinesses, Craig Mostyn Group, will emerge as the major shareholder in a new listed seafood play following the AUD 7 million (€4.6 million/$5.1 million) sale of its seafood distribution business, reported The Australian.
The company is set to pick up a 16 percent stake in Style Ltd, an Australian Stock Exchange-listed shell being rebranded as Mareterram as part of a sweeping restructure and recapitalization.
Style, which is backed by Peter Hutchison, founder of Forge Group, and former Fremantle and Collingwood Footballer James Clement, recently snapped up shrimp-fishing group Norwest Seafoods in a deal valued at AUD 20 million (€13.1
