Mitsubishi of Japan plans to increase its stake in tuna giant Thai Union Group by $200 million to 20%

According to a statement from the Stock Exchange of Thailand, the acquisition is priced at 12.5 Thai baht per share, and the transaction is still subject to regulatory approval and the adequacy of the company's foreign ownership ratio. If the conditions are not met, Mitsubishi reserves the right to withdraw the offer. Meanwhile, the two parties have also signed a strategic business alliance agreement, clarifying that they will carry out long-term collaborative cooperation in the fields of global marine resource integration, processing, and distribution, promoting an integrated layout from "sea to table." This is not the first time Mitsubishi and Thai Union have joined forces. Since 1991, the two parties have engaged in multiple collaborations on products such as canned tuna, frozen shrimp, and pet food. Thai Union, founded in 1977, is one of the world's largest tuna processors and ranks among the largest pet food manufacturers globally, with operations in over 80 countries and ...