Yellowtail land-based salmon farmer The Kingfish Company is seeking to undergo a legal "de-merger", effectively transferring all properties owned by the company to a new subsidiary named Kingfish Property One B.V.
The transfer is expected to be legally effected within the first quarter of 2021 and will be financially effective Jan. 1, 2021.
The move forms part of an "internal reorganization", said the group, which is being carried out to optimize the operations of the Kingfish Group by establishing the company as a holding company in the group.
