US shrimp imports continue swoon with volumes, prices still falling
The US has now seen 10 straight months of y-o-y volume decreases, dating back to April 2022
Abanca goes with Cooke’s bid for Pescanova, deal will create $4bn+ turnover group
Cooke's planned deal for 80% of Pescanova, which Abanca confirmed to Undercurrent, will take the Canadian group close to seafood's top five largest, with a turnover of over $4bn
Argentina gets ready to start new red shrimp fishing season
The red shrimp season in Argentina's national waters could start later this month, despite industry requests to delay it. It comes after record catches at the recently concluded season in provincial waters
Iberconsa parent Platinum tipped as preferred bid for Pescanova
US investor Platinum Equity, the owner of Iberconsa, is being tipped as the preferred bidder for Nueva Pescanova
Argentina’s seafood exports soar in February thanks to jump in squid sales
Argentina saw its squid exports increase in February to 29,700t worth $62.7m
Iberconsa’s US backer Platinum tipped as third bidder for Pescanova
US-based Platinum Equity, the majority owner of Spain's Iberconsa, is being tipped as a bidder for seafood giant Nueva Pescanova, sources told Undercurrent
Iberconsa teams with Andreassen’s NovaMar on ready-meals for US market
Iberconsa has launched a new range of ready-meals, partnering with NovoMar, the Miami-based processor launched by the son of Atlantic Sapphire founder
Abanca offers Cooke, Red Chamber ‘blank check’ to buy Pescanova for €700m
Abanca has held meetings with Cooke and Red Chamber to propose a flexible financing structure that allows them to plan a complete takeover of Nueva Pescanova, according to reports in the Spanish media
Nueva Pescanova prepares for full repayment of €150m syndicated loan
'In the light of certain information appearing on local media, Nueva Pescanova wishes to emphasize that it has full financial autonomy to undertake its business plan' -- the firm's president Jose Maria Benavent
Red Chamber joins talks to buy majority stake in Nueva Pescanova
Acquisitive US-based seafood conglomerate Red Chamber has joined negotiations to acquire a majority stake in Spain's Nueva Pescanova, according to a report from El Confidencial