Paribas to sell Saupiquet stake?

Article Abstract:

The Paribas bank may sell its 37.1% share in Saupiquet of France, a canned seafood group. It has already sold several food and drink operations owned by Compagnie de Navigation Mixte, including the De Venoge Champagne business and the CFS sugar group. Saupiquet is the market leader, although Heinz subsidiary StarKist is a serious competitor and is a leading contender to purchase the company.

Seafood Products, Seafood Product Preparation and Packaging, Misc. Food and Kindred Products, Seafood, Seafood industry, Compagnie de Navigation Mixte

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Saupiquet reaps the fruit of its investment

Article Abstract:

Saupiquet of France, a fish canner, has reported net profits up to 80.4 million French francs on turnover up by 10% to 1.6 billion French francs in 1994, mostly due to investment in its tuna operations since 1992. It has modernised its Abidjan processing plant and has commissioned new tuna fishing boats with twice the capacity of its existing vessels.

Seafood Canning, Canned Fish, Finance, Fish industry, Fisheries, Canned foods industry, Canning industry, Saupiquet

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Paribas sells stake in Spanish coffee group

Article Abstract:

The investment arm of the French bank Paribas has divested itself of the %70 stake it had in Sociedad Espaniola de Alimentos. The stake has been acquired by Coporacion Iber-21 for approximately Pta. 3.5 bn.

Commercial Banks, Commercial Banking, Asset sales & divestitures, Acquisitions & mergers, France, Spain, Banking industry, Sociedad Espanola de Alimentos, Corporacion Iber-21

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