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In April 2022, Barramundi Group, which also has production in Borneo, applied for 13 new licenses to grow operations in Australia from the current volume of approximately 1,600 metric tons per year, into a long-term volume of 30,000 metric tons per year. Photo: Barramundi Group

Barramundi Group sells stake in Australian business as part of deal with processor

Barramundi Group is offloading a 75% stake in its Australian business, but will retain a presence in the region.

28 December 2022 9:57 GMT Updated 28 December 2022 14:46 GMT

By Matthew Wilcox

Singapore-based Barramundi Group has entered into a strategic partnership with Australian processor and distributor Wild Ocean Australia (WOA), the company announced in a press release on Tuesday.

Barramundi Group is selling 75 percent of its stake in its Australian business -- Marine Produce Australia (MPA) -- to Wild Ocean for AUD 1.6

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Barramundi Group sells stake in Australian business as part of deal with processor