A second potential buyer has emerged for a Grimsby seafood site as its owner looks to exit the 海角视频 market.
Iceland Seafood International put the business occupying the former Five Star Fish site up for sale after huge losses were revealed since its pre-pandemic launch. Almost 200 people are employed on the large Great Grimsby Business Park site.
An initial agreement had been entered into in early December, but negotiations failed within a week. Now a different entity, described as a 鈥渞espected industry player鈥 has emerged, with a new letter of intent signed.
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A successful outcome would be a huge new year fillip for employees, with hopes of a swift resolution dashed just before Christmas, having been plunged into uncertainty in mid-November. As with last time, details of the potential purchaser have not been disclosed.
In a statement released to investors, the Reykjavik-headquartered company said it aims to complete in February.
Bjarni 脕rmannsson, group chief executive, said: 鈥淔urther to the previous announcement on December 12, Iceland Seafood has today signed a letter of intent with a respected industry player to sell the majority share in its subsidiary Iceland Seafood 海角视频 Ltd. The LOI is a legally non-binding document, but its provisions will serve as key terms in the event of the potential transaction.
鈥淭he parties aim to complete the proposed transaction by February 17, 2023. Further update on the progress made in relation to the proposed transaction and its financial impact on Iceland Seafood will be provided as appropriate.鈥
The date would be exactly a quarter of a year on from the initial announcement that it was looking to dispose of the business, where losses of 拢12 million had been racked up since it launched as Covid hit 海角视频 shores. An existing business in West Yorkshire had been united with Grimsby鈥檚 Havelok Seafood at the 100,000 sq ft site, last operated by 2 Sisters in 2018.
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