Finance

Report: Canada's Cooke 'freezes' offer to buy Nueva Pescanova

Cooke agreed in principle on April 13 to buy the stake of Nueva Pescanova's largest shareholder, Spanish bank Abanca.

Led by CEO Glen Cooke, the company agreed in principle on April 13 to buy the stake of Nueva Pescanova's largest shareholder, Spanish bank Abanca, at a price of €150 million ($164.1 million), taking on €500 million ($547.1 million) of the company's debt.
Led by CEO Glen Cooke, the company agreed in principle on April 13 to buy the stake of Nueva Pescanova's largest shareholder, Spanish bank Abanca, at a price of €150 million ($164.1 million), taking on €500 million ($547.1 million) of the company's debt.Photo: Cooke
Mergers & AcquisitionsCookePescanovaNueva PescanovaSpain
Published 31 August 2023, 11:43Updated 31 August 2023, 12:33