Is New Brunswick-based Cooke Seafoods eyeing a Spanish conquest? Company reportedly buying majority stake in multinational fishing enterprise | SaltWire

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According to Spanish media outlet Faro De Vigo, New Brunswick-based Cooke is in negotiations to purchase a majority stake in Neuvva Pescanova, a multinational enterprise with 11,000 employees in 18 countries and a net debt of about $450 million.

Abanca currently owns 97 per cent of the company shares.According to a report by Economia Digital Galicia,. The company’s plan for growth also called for the incorporation of an industrial partner.

Joel Richardson, vice-president of public relations with Cooke, told SaltWire Network Monday, Feb. 27, the company is not offering comment. The company, headquartered in New Brunswick, owns fishing and aquaculture operations around the world, including aquaculture operations in all four Atlantic provinces.In 2011 the company bought Culmarex, an aquaculture company producing sea bass and sea bream.The company currently has 13,000 employees in 11 countries, with 70 per cent of its operations focused on aquaculture and the rest on wild fisheries.

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