By Atuna
2009 starts with changes in the tuna industry scenario. Two big companies, Connors Brothers and Del Monte Foods are no longer in the tuna business, and, therefore, no longer quoted as part of the Atuna Stock Index.
Last November, Connor Brothers Fund sold its seafood business to New York based Centre Partners, in a deal valued at USD 600 million.
The Fund used to sell tuna and other seafood under Bumble Bee, Clover Leaf, Brunswick and Snow’s and Beach Cliff labels, and had 4,91% weight on the Index.
Del Monte Foods announced last October the completion of the sales of its seafood business, including StarKist, to Dongwon Industries Co. Ltd. for approximately USD 359 million. The company had a large weight on Atuna Stock Index: 23,28%
The Atuna Stock Index is formed by the major tuna companies whose shares are publicly traded on the stock markets around the world; companies which also have a major influence on the global tuna market.
The Atuna Stock Index shows 96,68 points this week. The food index, 99,96 points.