Iceland Seafood Receives Non-Binding Interest in Ahumados Stake
The letter concerns the seafood company’s 85% holding, but any deal would require further talks, approvals and due diligence.
Iceland Seafood International hf. has received a non-binding letter of intent concerning its 85% shareholding in Ahumados Domínguez S.A. The company said it remains uncertain whether a transaction will be completed.
Any potential deal would require further negotiations, definitive transaction documents and satisfactory due diligence. It would also need applicable approvals, including approval from bondholders and lenders where required, as well as the company’s board.
Iceland Seafood said it will inform the market of further developments in line with its disclosure obligations.
This article was produced with the help of AI technology.
Source: Yahoo Finance
