Print This Page

May 19, 2014

Spain/Thailand

Charoen Pokphand Group Interested in Pescanova’s
Shrimp Farms in Latin America

 

The banks that are in control of Pescanova, Spain’s largest seafood company, which is bankrupt, have reversed their earlier policy of not refinancing Pescanova’s salmon and shrimp farms in South and Central America.

 

In addition, the Charoen Pokphand Group, one of Asia’s largest conglomerates, has expressed interest in purchasing the following Pescanova shrimp farms: Promarisco in Ecuador, Camanica and Serviconsa in Nicaragua, and Nova Guatemala and Nova Honduras.

 

Promarisco is the leading shrimp producer in Ecuador with an 18 percent market share and sales of  $196 million in 2012.  In Nicaragua, Serviconsa and Camanica have a market share of 35 percent with sales of around $60 million in 2012.

 

Source: FIS United States.  New Pescanova’s Creditor Bank Strategy.  Analia Murias (editorial@fis.com).  May 19, 2014.

Print This Page