( February 3, 2016, 05:30 GMT | Insight) -- Thai Union has completed its acquisition of a 51-percent stake in major Germany shelf-stable seafood firm Ruegen Fisch, having satisfied all closing conditions and obtained clearance from German and EU competition authorities, The Nation reports. Thai Union has completed its acquisition of a 51-percent stake in major Germany shelf-stable seafood firm Ruegen Fisch, having satisfied all closing conditions and obtained clearance from German and EU competition authorities, The Nation reports. Ruegen Fisch, which posts annual revenue exceeding 140 million euros ($152.7 million), will maintain its headquarters in Germany under CEO Andrew Bergmann. Thai Union is the world’s largest shelf-stable tuna producer, with annual sales of more than 120 billion baht ($3.4 billion). The deal was announced shortly after Thai Union failed last December to obtain United States Department of Justice clearance to acquire US rival Bumble Bee Seafoods. ...
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