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Report: Sale of Mitsubishi-owned Princes Group set to fetch nearly $860 million as bidding battle heats up

The sales process was reportedly paused in June after early bids fell short of the asking price, according to The Grocer.

In January, it was reported that Japanese conglomerate Mitsubishi had hired investment bank Houlihan Lokey to explore a potential sale of Princes, a major player in the shelf-stable category in the UK, including in canned seafood.
In January, it was reported that Japanese conglomerate Mitsubishi had hired investment bank Houlihan Lokey to explore a potential sale of Princes, a major player in the shelf-stable category in the UK, including in canned seafood.Photo: Princes
Canned seafoodCanned tunaCanned salmonPrincesMitsubishi
Published 29 September 2023, 13:56Updated 29 September 2023, 15:48