Report: Legend Holdings no longer interested in buying Iberconsa

Chinese conglomerate Legend Holdings Corporation, which was named as a final bidder in the sale process for Spain's Iberconsa, reportedly abandoned the race to acquire the fishing giant after buying Chilean salmon farmer Australis earlier this month, reports La Voz de Galicia. Citing market sources, La Voz de Galicia claims the Chinese group is no longer interested in the Spanish company and that it was discouraged by the indecision of minority

Finance  intrafish.com 28 Nov 2018

Week in Review: China invests in Chilean salmon; EU tuna fraud; US land-based salmon

As Editor Drew Cherry put it: Once again, China changes everything. The week started with the news that Chinese Legend Holdings Corporation’s subsidiary Joyvio Group signed a deal to buy Chilean salmon farmer Australis for $880 million (€773.7 million), a price-tag that marks the highest valuation of a Chilean salmon company yet, and that levels the value of Chilean salmon farmers with those of Norway, according to top execs in the industry

NEWS  intrafish.com 27 Nov 2018

Once again, China changes everything

's nothing compared to the shock that hit the industry on Sunday night with the announcement that Chinese giant Legend Holdings, majority shareholder in, among...partnership - Pacific Andes平洋恩利与阿里巴巴子公司建立战略合作伙伴关系 Legend, via agricultural subsidiary Joyvio, has long been an ag investor overseas, including in Chile, where...giants such as Legend and Alibaba looking worldwide for seafood to move through their insatiable supply chains, it may be easier for them to simply

Commentary  intrafish.com 22 Nov 2018

Are Chinese buyers coming for Norwegian salmon farmers next?

Seafood analysts would not be surprised if Chinese companies started acquiring seafood assets in Norway too, following the news Monday that China's Joyvio Group, a subsidiary of the conglomerate Legend Holdings Corporation, wants to buy 100 percent of the shares of Chile's Australis Seafoods for $880 million (€771.7 million). Company profile: Australis Seafoods With a harvest volume of nearly 60,000 metric tons a year, Australis is Chile's fifth

Finance  intrafish.com 22 Nov 2018

Top execs: Australis acquisition sets valuation of Chilean salmon companies at the right level

, president of the Chilean association of salmon farmers Salmon Chile told IntraFish. Inside Legend Holdings “The valuation of Chilean salmon companies is set

Aquaculture  intrafish.com 21 Nov 2018

Chinese group Legend Holdings to buy Chilean salmon farmer Australis

China's Joyvio Group, subsidiary of the Chinese conglomerate Legend Holdings Corporation, has put in an offer to buy 100 percent of the shares of.... The restructuring of Chile's salmon sector: what comes next? Parent company Legend Holdings is also among the rumored candidates for the purchase of Spanish fishing company Iberconsa. Full integration Inside Legend Holdings Santiago Stock Exchange-listed Australis Seafoods began as a freshwater smolt

Finance  intrafish.com 20 Nov 2018

Conxemar 2018: Catch up on three days of European seafood news

offering or bidding on the process." According to market sources, though, potential candidates include Chinese conglomerate Legend Holdings, and UK

Marketplace  intrafish.com 09 Oct 2018

Portobello enters final stage of Iberconsa sale

“very solid candidates” that will offer their binding offers within weeks. According to market sources, candidates include Chinese conglomerate Legend

Finance  intrafish.com 19 Sep 2018

Week in Review: Salmon escapes; Latin American shrimp dispute; seafood M&As

announced Friday it has acquired International Marketing Specialists in New England, while Chinese conglomerate Legend Holdings is reportedly in the running

NEWS  intrafish.com 06 Aug 2018

China’s conglomerate considering bid for Spanish hake, shrimp giant Iberconsa

Chinese conglomerate Legend Holdings Corp. is among companies considering bids for a majority stake in Spanish frozen-seafood seller Grupo Iberconsa, reports Bloomberg. The Beijing-based firm has reportedly been speaking with advisers about a possible offer, according to sources who asked not to be identified because the details are private. Pamplona Capital Management is also weighing a bid for Iberconsa, which could be valued at about €600 million ($694

Finance  intrafish.com 03 Aug 2018