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Italian bidder halts negotiations for Mitsubishi-owned canned seafood giant Princes

The company, which operates in sectors including pasta, milk and dairy, said Mitsubishi had rejected its latest offer to buy the food group.

In January 2023, Japanese conglomerate Mitsubishi hired investment bank Houlihan Lokey to explore a potential sale of Princes, a major player in the shelf-stable seafood category in the UK.
In January 2023, Japanese conglomerate Mitsubishi hired investment bank Houlihan Lokey to explore a potential sale of Princes, a major player in the shelf-stable seafood category in the UK.Photo: Perryhill Orchards/Princes
PrincesMitsubishiUnited KingdomMergers & AcquisitionsJapan
Published 19 February 2024, 14:37Updated 19 February 2024, 15:43