Why dealmakers are getting hooked on aquaculture
A small fish swallowed a bigger fish when the U.K.’s Benchmark Holdings bought Belgium’s Inve Aquaculture from Coöperatieve Rabobank and Royal Bank of Scotland in December for about £227 million ($321.8 million).
Before making its move, the Sheffield, England-based buyer spent four years studying Inve, during which time Benchmark went public with a listing on London’s small-cap exchange, added salmon breeding and genetics through acquisitions in Norway and Iceland, and tilapia genetics and breeding through another Norwegian purchase.
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