Grupo Profand Acquires Majority Stake in Kefalonia Fisheries
Grupo Profand announced on Thursday that they have closed a deal to acquire a majority stake in Greek corporation Kefalonia Fisheries.
The Vigo, Spain-based fishing group specializes in not only fishing, but processing and commercialization of sea products. By acquiring a majority stake in Kefalonia Fisheries, Profand is able to boost their presence in aquaculture production.
“Thanks to this addition we strengthen our position within the sea bream, sea bass and corvina families, being able to control all the stages of the production process,” said Grupo Profand CEO Enrique Garcia...
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