Spanish octopus processor sees big debt reduction after takeover
Oquendo Capital's acquisition of a 75% stake in Discefa has drastically reduced the firm's debt by €26m, the firm's CEO told Undercurrent News
Investment firm Oquendo takes control of Spain’s Discefa
Madrid-based private debt management firm Oquendo has become the largest shareholder in octopus processor Discefa, now controlling 75% of the company
Angulas Aguinaga launches two new ready-to-eat products
Spanish surimi giant Angulas Aguinaga has launched to new ready-to-eat products -- octopus carpaccio and curry shrimp tails -- in its effort to grow its presence in the retail sector
Spanish octopus specialist to expand production, storage capacity with third plant
Moyseafood, an octopus processor based in Cadiz, southern Spain, is building its third plant in Puerto de Santa Maria
EU fleet seeks alternatives as Morocco fisheries agreement expires with no renewal in sight
The current fishing agreement between the EU and Morocco expires on July 17
Morocco launches summer octopus season, sets quota with mixed outlook on prices
Moroccan octopus prices have increased in recent months as the start of the Moroccan octopus season has been delayed
Price developments anyone’s guess as octopus seasons approach in Morocco, Mauritania
Moroccan octopus prices have increased in recent months as the start of the Moroccan octopus season has been delayed to mid-July
Peruvian group completes deal for bankrupt Spanish cephalopod plant
Oceano confirmed to Undercurrent News it had concluded a deal to buy Pesfasa, a bankrupt Spanish cephalopod processor, for €1.8 million
Spain’s fishing fleet faces ‘great uncertainty’ as EU-Morocco fisheries agreement expires
The current fishing agreement between the EU and Morocco is set to expire on July 17, and there are no signs of an extension yet
Profand’s earnings drop 19% after not passing on higher costs to consumers
Profand, a key supplier to Mercadona, Spain's largest retailer, saw its earnings drop 19% in 2022 due to higher costs which the company did not pass on