Fairfax Media reports that Singapore-listed Pacific Andes Resource Development (PARD) has bought a key 19.8 per cent stake in Tassal Group Ltd
(ASX:TGR).
The $51.7 million investment in the salmon famer leaves a possible joint-ownership deal between PARD and Pacific Equity Partners.
Earlier this week, Pacific Equity Partners made a $278 million offer for Tassal, which was rejected by the company.
For the year ended 30 June 2010, Tassal Group reported a net profit of $28 million.
