The Clean Seas board has unanimously voted in favour of the merger. If approved, the deal will see the seafood firm, currently listed on Australia's ASX, move into private ownership.
The supermarket chain triumphed at the 2025 ASC MSC Sustainable Seafood Awards Australia where it won up to three awards, placing it at the top of the sustainable seafood retailers.
"I'm excited to see the final strategy and work towards a stronger and more robust and resilient food system," Minister for Agriculture, Fisheries and Forestry, Julie Collins MP.
Consortium composed of the Alfred Wegener Institute, Oceanloop and Sander say grouper has "great potential" for commercial land-based fish farming in Europe after successful trials.