New Zealand King Salmon has confirmed its intention to undertake an initial public offering of shares in New Zealand and a listing on the NZX and ASX. NZ King Salmon confirmed in July that it was looking at its capital structure. Current majority shareholder Oregon Group first invested in New Zealand King Salmon 20 years ago. Related Content NZ King Salmon review capital options, eyes listing Liam Dann: Economic centre ground shifts left Submissions on river settlement bill heardNZ King Salmon owns and operates eight seafarms in the Marlborough Sounds, including three new farms consented in 2014 with a 35 year term. In the financial year to 30 June 2016, New Zealand King Salmon generated revenues of $114.1 million and pro forma operating earnings before interest, tax, depreciation and amortisation of $16.0 million.

Source: New Zealand Herald August 28, 2016 22:18 UTC