Superfish nets major investment by Norwegian Orkla

Abba Seafoods, which belongs to Norway's biggest food company Orkla ASA, is to buy a 51% stake in Superfish. President Wojciech Strozyna said, "Orkla ASA was chosen over other potential investors because of its experience in the fish sector, and the possibility of a large capital investment." Money raised from sale of the shares will be spent on developing Superfish's distribution network and modernizing four plants. Revenue from consolidated sales of Superfish was zl. 303.5 million last year on turnover of zl. 5 billion . (Prawo i Gospodarka, June 17-18 page 2) M.M.