“We were always happy to continue investing in Huon,” Forrest told Bloomberg News. “When JBS came in, it accelerated the urgency because we know JBS – because we’re in the cattle industry.”
SYDNEY: JBS SA’s plan to acquire Australia’s Huon Aquaculture Group may be under threat after mining magnate Andrew Forrest amassed a stake large enough in the salmon producer to potentially block the deal.
Forrest and his family office increased their holding in Sydney-listed Huon to 18.5% from 7.3%, according to an exchange filing.
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