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
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
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
Argentina’s seafood export value starts 2023 down 2% as squid, shrimp prices dive
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
Iberconsa in talks to buy rival Mascato, create $740m-turnover powerhouse
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
Sea Harvest suffers 25% drop in full year earnings after fuel price hike
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
US West Coast sector asks USDA to buy up to $90.5m in pink shrimp, hake, rockfish amid Ukraine losses
'We have really struggled with markets and with whiting not going to Ukraine. We really need these domestic sales through the USDA' -- Lori Steele