Icelandic seafood group Alfesca taken over by food co-op
With a new name, Alfesca now belongs to French capital. (Photo: Alfesca / FIS
(FRANCE, 2/2/2012)
French Basque food co-operative Lur Berri announced this week that it has acquired majority control of Icelandic seafood company Alfesca. Lur Berri has swelled its shareholding from 49.9 per cent to 62.9 per cent.
Alfesca's Icelandic investors have already withdrawn from it and left it with only French capital.
Private-equity fund LBO France has taken a 33.3 per cent stake in Alfesca, now renamed Labeyrie Fine Foods. The group's management holds a 3.8 per cent stake.
The business generates an annual turnover of more than EUR 700 million -- mainly in France, Benelux, Switzerland, Italy and the UK, where the group e...
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