Lucasinas SL Regains 100% Control of Profand with $133M Buyback
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Lucasinas SL has regained 100% of control in Spain-headquartered seafood company Profand.
The Vigo, Spain-based holding firm reacquired the 23.7% minority stake held by Corporacion Financiera Alba for 127 million euros ($133 million).
Corporacion Financiera Alba was credited with contributing to Profand’s growth and leadership strategy in the sector, helping to accelerate "its geographic expansion and strengthening its position in the value chain” since it became a shareholder in 2021.
“To this end, significant investments have been made to increase production capacity, both in...
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