Spanish group partners with state-owned China giant

One of Spain’s largest seafood companies is partnering with China National Fisheries Corporation (CNFC), one of the largest fishing companies in the world.

IntraFishbroke the story of the deal on Nov. 3, 2011 at the China Seafood and Fisheries Expo in Qingdao, but this was confirmed by Grupo Amasua Wednesday.

Pablo Mugica (pictured), managing director of Amasua's processing and marketing unit KrustaGroup, sees the deal as a "strategic partnership with many synergies."

"Our company wants to become a global key player in the shrimp business," Mugica told IntraFish.