Announced
Completed
Financials
Sources
Tags
Majority
Spain
fishing company
Farming Fishing Ranching and Plantations
Friendly
Single Bidder
Private
seafood
Acquisition
Domestic
Completed
Synopsis
ABANCA, a Spanish bank, completed the acquisition of a 39.8% stake in Nueva Pescanova, a multinational company in the sector of seafood commercialization, from Caixabank and Banco Sabadell, raising its stake to 80.46%, for $204m. Abanca signaled it is investing for the long-term, seeking to rebuild the financial strength of a company it deems “fundamental” for the fishing-centric economy of Galicia, the northwesternmost region of Spain.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.