Ibersuizas searches for Angulas Aguinaga buyer

The later-stage private equity specialist acquired a 51% stake in the firm, which is best known for its popular fish product La Gula del Norte, for an undisclosed sum in 2006.

It is now said to be seeking to sell the business, whose operating profits are around €22m, for around €150m. Various competitors have expressed interest in a possible purchase.

Market sources predict that Ibersuizas could exit the firm within the next few months, given the strength of the brand and the quality of its products.

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• Southern Europe