Cooke Enters Exclusive Negotiations to Acquire 80% of Nueva Pescanova
Cooke Inc. has entered into exclusive negotiations with Spain-based ABANCA to purchase its 80% stake in Nueva Pescanova.
According to an update from ABANCA, the deal values Nueva Pescanova at 800 million euros and will maintain the Spain-based seafood firm’s headquarters in Vigo.
ABANCA said the deal would mark a “milestone” as it shows that it lived up to its word by incorporating a “prestigious industrial partner to facilitate the growth of Nueva Pescanova's operations and generate new investments in Galicia is materialized...
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