TST will continue to run 'fairly independently,' says Pacific Andes exec

The Seafood Traders (TST) is expected to continue to run "fairly independently," following the closure of the deal between Pacific Andes and Nippon Suisan Kaisha (Nissui), Rudi Tsai, director of strategic development at the company, told IntraFish.

The two companies announced Monday the long talked-about deal is expected to go through by the end of July this year.

Upon completion, Pacific Andes will own a 40 percent stake in Leuchturm Beteiligungs- und Holding Germany, which controls TST, and a 40 percent stake of investment company Beacon Holdings.

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