The ongoing auction of Australian salmon farmer Huon Aquaculture is reportedly facing delays, according to local media reports.

The advisor on the deal, Grant Samuel, has extended the timeline for the final suitors, reported the Australian Financial Review and The Australian.

Rumored bidders include Brazilian meat processing giant JBS.

JBS, headquartered in Sao Paulo, is the largest meat processing company in the world by sales, predominantly producing beef, chicken and pork.