New Zealand King Salmon Investments (ASX:NZK, NZE:NZK) finalized the NZ$8.1 million unconditional purchase of a commercial site at Cloudy Bay Business Park in Blenheim, following a successful due diligence process, according to a Tuesday filing with the New Zealand bourse.
The acquisition supports future processing needs ahead of expected growth from the Blue Endeavour salmon farming project, the filing said.
The deal is expected to settle by Oct. 7 and will be funded from existing cash reserves, per the filing.