Thai Union Frozen Products, the tuna and shrimp processing giant, raisedTHB 9,534,116,239 (€239.4 million/$301.5 million) from a share offering, itannounced Monday.
The Thailand-based company, which owns the MW Brands group in Europe and Chickenof the Sea in the United States, has used the proceeds of the offering to paydown its debt, Thiraphong Chansiri, president, told IntraFish.
Thai Union allocated 199,908,609 new shares at a price of THB 50,raising THB 9,534,116,239 (€239.4 million/$301.5 million), minus expenses.
“It was oversubscribed by two times.
