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Austral Shareholding Simplified
Majority Shareholders Declare That Austral Is Not for Sale
FOR IMMEDIATE RELEASE: 6 APRIL 2006
Panama – The shareholders of Dordogne Holdings, Inc. have reached an understanding
today to restructure the ownership of the company which has controlling
interest of Austral, S.A.A. Upon completion of the restructuring,
the beneficial shareholding of Dordogne will be shared equally between
Tri-Marine International, S.A. and Gateport Overseas, Inc., a company
that is owned by the Mogster Group of Norway.
" I
am happy to announce that Dordogne will be owned 50% each by Mogster
and Tri Marine. I sincerely hope that this will put a stop to the
many rumors regarding the possible sale or merger of Austral,”
stated Renato Curto, Chairman of Austral.
Helge Mogster, President of the Mogster Group added, “We are
very proud of Austral and we have tremendous confidence in the company’s
management and employees. They have done a great job in managing
the business despite the distractions created by the unfounded reports
that the company was for sale. I now expect that the management
will be able to concentrate on making Austral the best fishing company
in the world.”
Background on Austral
Austral produces and sells a variety of fishmeal and fish oil products
derived from anchovy, which is found in significant commercial quantities
along the coast of Perú. Fishmeal is principally used as
a primary ingredient in the production of feedstuffs for the rapidly-expanding
aquaculture industry (i.e., fish farming) and as a complementary
ingredient in animal feed for swine, cattle, poultry, and household
pets. Fish oil is utilized for animal and aquaculture feeds, industrial
applications, and additives to human food products.
Austral owns and operates a fleet of 37 fishing vessels with an
aggregate hold capacity of about 15,000 metric tons. The company
also owns and operates six fish processing plants and two fish canneries.
The plants have a total processing capacity of about 600 metric
tons of fish per hour.
For additional information please contact:
Francesco Senzasono, Dordogne Holdings, Inc.
Telephone: (507) 2696170
Email: fsenzasono@trimarinegroup.com
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