Russian Fishing Company May be Sold in Further Shakeup For Russian Pollock Industry
SEAFOODNEWS.COM by Eugene Gerden November 14, 2016
Moscow - Maxim Vorobiev and Gleb Frank, Russia’s well-known fishing tycoons, are considering selling Russian Fishing Company, one of Russia’s largest fish producers, which is owned by them.
It is reported that the businessman have already started negotiations with potential bidders. The amount of the deal may reach RUB 57.06 billion (US$900 million).
Among the potential bidders for the asset are Pacific Investment Group, owned by Sergey Darkin, another Russian fishing tycoon and the ex-governor of the Primorye region, as well as the Karat fishing holding (which owns 15% of Russian quotas for pollock, cod and herring).
Analysts of the Russian Ministry of Agriculture believe that one of the major reasons the group might sell their asset is related to the significant increase in costs, and in particular they are fearful of the costs of any requirements to build and operate new fishing vessels.
At the same time another reason ..
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