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Brimstone mulls expanding Sea Harvest stake

Brimstone Investment Corporation is mulling where to expand its 58% holding in private fishing company, Sea Harvest, to 85% by buying out the stake owned by fellow black economic empowerment investor, Kagiso Strategic Investments. The deal, which would be worth R270 million, would lift Brimstone’s ownership holding to 85%. At the same time, Sea Harvest is looking to do a deal of its own, raising its ownership stake in Mareterram to hold 58% of the ASX-listed fishing group.

Read more at Business Day…

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