Japanese conglomerate Mitsubishi is selling its Princes Group canned seafood division, financial services publication Debtwire reported Wednesday, citing two sources familiar with the development.
An auction process overseen by investment bank Houlihan Lokey has begun, with information on the sale being sent out to prospective bidders, Debtwire reported.
Princes is being put on the market based on earnings before interest, taxes, depreciation and amortization of £80 million (€90 million/$97 million), the report said.
