The auction for French canned seafood business MWBrands is nearing the end, according to reports.
US-based investment group Trilantic Capital bought MW Brands from HJ Heinz for EUR425m (US$572.4m) in 2006.
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However, the firm put the seafood unit up for sale in April.
Three final offers, valued at EUR650m to EUR700m are expected within the next week, Dow Jones Newswires reported yesterday (29 June).
Bidders are understood to be Thai Union Frozen Products, the world’s third-largest canned seafood company, Bolton Group, a European food and consumer goods firm, and private equity group Blackstone.
MWBrands owns John West tuna, Petit Navire, Hyacinthe Parmentier and Mareblue.
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