Argentine shrimp producer Continental Armadores de Pesca (Conarpesa) confirmed it is holding talks with potential buyers.
The company with sales of $165 million (€152.3 million) has been evaluating the possibility of a sale for the past year.
In 2016 Conarpesa was reportedly nearing the end of a a potential deal with a Chinese state-owned investment group.
That deal would have seen the Chinese firm acquire 12 beam freezer trawlers for $95 million (€87.7
