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Pakfood board backs Thai Union stake increase

Board backs Thai Union's proposal to make Pakfood a Thai Union subsidiary, while waiving the obligation to make a tender offer to buy out the group

By Undercurrent News | Dec. 28, 2012 16:13 GMT
Shrimp buyers place orders in Indonesia, Vietnam, amid ‘dismal’ situation in Thailand
Photo: Stuart Bannocks
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The board of Thai frozen shrimp processor Pakfood has backed a proposal by Thai Union Frozen Products that will increase Thai Union's ownership in Pakfood to 54.52%. [...]

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