Japan’s Mitsui Investing In Ecuador’s Industrial Pesquera Santa Priscila
Japan’s Mitsui & Co. Ltd. announced this week that they have decided to invest in Ecuador’s Industrial Pesquera Santa Priscila (IPSP) through a holding company owned by IPSP’s founders. Mitsui confirmed the acquisition price for the shares is USD 360 million, or approximately JPY 50 billion.
IPSP became involved in the aquaculture industry in Ecuador in 1976 with a focus on tilapia and shrimp. Looking specifically at their shrimp, Santa Priscila focuses on growing them in a healthy and monitored environment. The fish are also fed a...
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