The Swiss private equity group UBS AG has sold its 70% stake in the Dutch shrimp processing company Heiploeg Beheer BV to the Dutch investment group Gilde, according to a report in the Dutch publication FoodHolland.
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The sale is expected to be concluded shortly according to inside sources, the report says. UBS AG acquired the company in 2000.
Heiploeg has annual sales in the region of €320m (US$374.3m), and is said to be in profit. The remaining 30% in the company, which was put up for sale last summer, is owned by two of its former directors.
