Minh Phu has suspended talks with CP Foods after the two parties could not reach a deal on the "key" terms of the deal, according to Jean-Eric Jacquemin, head of a French fund Red River Holdings, which currently holds 9.47 percent of Minh Phu, Vietnam’s largest shrimp exporter.
The Ho Chi Minh-listed shrimp giant is looking to discuss further deals with other potential buyers to raise capital as part of its five-year plan to “bring the company to the next level,” Jacquemin told IntraFish.
CP
