Sanford quits Pacific tuna business, lines up buyers for vessels

Mon, 31 Aug 2015

By Paul McBeth Sept. 1 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, will quit its underperforming Pacific tuna business and put the unit's fleet up for sale. The Auckland-based company sold its San Nanumea vessel and is in talks with a potential buyer of San Nikunau, its other Pacific tuna ship, after reviewing the viability of the business, Sanford said in a statement. On April 9, it entered into a conditional agreement to sell both international purse seiner vessels, according to Sanford's interim report release...

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