Korean seafood giant Dongwon mulls Starkist stock exchange listing to finance major acquisition bid

South Korea-based Dongwon Group, which owns US tuna giant Starkist, plans to consider an initial public offering (IPO) for the tuna company as it prepares for a bid to acquire South Korean shipper HMM.

Conglomerate Dongwon Group, holding company Dongwon Industries -- for one of the biggest seafood companies in the world -- is considering securing the substantial capital required through stock exchange listings for Starkist and two other businesses. The acquisition is expected to cost $3.77 billion (€3.53 billion), according to South Korea's Pulse News.