Clean Seas Tuna is seeking a strategic investor for its kingfish operations as it strives to identify the disease that is devastating its juveniles, its CEO Craig Foster said.
Foster said the company is considering spinning off its kingfish operations into a 50-50 joint venture, for which it is seeking an investment partner willing to invest around AUD 12 million (€9.6 million/$12 million) to AUD 15 million (€12 million/$15 million).
The company is also considering looking for investment into Clean Seas’ bluefin tuna business, but that would be further down the line, and only once the kingfish situation is addressed, Foster said.
“We’re
