UK private equity firm Epiris and Italian food manufacturer Newlat Food are reportedly the last remaining bidders for Mitsubishi-owned UK-based food and drink group Princes.
The company is a major player in the shelf-stable seafood category in the UK.
The sale of one of the United Kingdom's largest food group's is now reportedly valued at £400 million (€466.8 million/$501.8 million) according to Sky News.
The media outlet reported Epiris and Newlat are still in the hunt for Princes, which has been on the auction block for months.
