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M&A March 24, 2023 5:02 PM
Iberconsa’s US backer Platinum tipped as third bidder for Pescanova

By Tom Seaman

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

Octopus March 22, 2023 3:19 PM
Iberconsa teams with Andreassen’s NovaMar on ready-meals for US market

By Matilde Mereghetti

Iberconsa has launched a new range of ready-meals, partnering with NovoMar, the Miami-based processor launched by the son of Atlantic Sapphire founder

Supply March 22, 2023 1:20 PM
Abanca offers Cooke, Red Chamber ‘blank check’ to buy Pescanova for €700m

By María Feijóo

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

Coldwater shrimp March 21, 2023 8:52 AM
Danish fishermen finally get access to Norwegian waters

Danish fishermen welcome the EU-Norway fisheries agreement for 2023 as it finally allows access to Norwegian waters

Processing March 16, 2023 9:30 AM
Nueva Pescanova prepares for full repayment of €150m syndicated loan

By María Feijóo

'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

Argentine red shrimp March 16, 2023 8:22 AM
Red Chamber joins talks to buy majority stake in Nueva Pescanova

By María Feijóo

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

Prices March 15, 2023 4:32 PM
Argentina’s seafood export value starts 2023 down 2% as squid, shrimp prices dive

By María Feijóo

Argentina saw its seafood exports value drop in January 2023 to $103.4m, down 2% year-on-year; the export volume, however, rose by 10% to 23,468t

Fishing March 9, 2023 5:28 PM
Iberconsa in talks to buy rival Mascato, create $740m-turnover powerhouse

By María Feijóo

Iberconsa is positioning itself for the largest buyout in its history, which would increase its sales revenue to around $740m and strengthen its presence in Spain, Namibia and Chile

Aquaculture March 9, 2023 10:32 AM
Sea Harvest suffers 25% drop in full year earnings after fuel price hike

By Louis Harkell

Sea Harvest's fuel bill in South Africa surged by 93% in 2022 -- an additional ZAR 290 million in fuel expenses for the year -- for its fleet of 42 vessels

Analysis March 6, 2023 7:31 PM
US West Coast sector asks USDA to buy up to $90.5m in pink shrimp, hake, rockfish amid Ukraine losses

By Nick Sambides Jr.

'We have really struggled with markets and with whiting not going to Ukraine. We really need these domestic sales through the USDA' -- Lori Steele

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