UK: Young's Bluecrest to be sold to Canadian firm?

UK: Young’s Bluecrest to be sold to Canadian firm?

Britain’s oldest seafood brand, Young's Bluecrest , could soon be sold to one of two suitors for up to £150m (US$210.8m). Established in 1805, 70% of the company was sold to Legal & General Ventures in 1999. LGV has now revealed its intention to sell the stake however, and has short listed two venture-capital firms as potential buyers. The forerunner is believed to be

January 28, 2002

Britain’s oldest seafood brand, Young’s Bluecrest, could soon be sold to one of two suitors for up to £150m (US$210.8m).

Established in 1805, 70% of the company was sold to Legal & General Ventures in 1999.

LGV has now revealed its intention to sell the stake however, and has short listed two venture-capital firms as potential buyers. The forerunner is believed to be Canada’s Fishery Products International. The other unnamed firm is British.