Seafood giant Thai Union Frozen Products said today (27 October) that it has raised THB3.75bn (US$125m) via two share offerings.

The Bangkok-listed firm, which is set to become the new owner of MWBrands, the parent of seafood brands John West and Petit Navire, said it had sold 73.2m shares.

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One offer raised THB2.21bn via selling 44.2m shares at THB50 each; the second raised THB1.54bn through selling 29m shares at THB53.

In July, Thai Union struck a deal to buy MWBrands from private-equity firm Trilantic Partners for EUR680m (US$935.2m). The acquisition means a third of Thai Union’s sales will come from Europe – up from 11%. Thai Union expects to close the deal this month.

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