Canada’s largest seafood processor FPI said yesterday (30 April) that it has reached an agreement in principle over the sale of its assets to Ocean Choice and High Liner Foods.

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While a letter of intent has been signed, negotiations towards a final agreement are ongoing, the company said.


“The duration of these focused discussions will be determined by the rate of progress on substantive issues,” FPI said.


Further details concerning the terms of the agreement and any potential sticking points were not released.

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