Spanish vertically integrated company Group Profand -- a cephalopod supplier to retail giant Mercadona -- acquired a 60 percent stake in Moroccan company Sofinas, it said.
The Moroccan fishing firm is a subsidiary to giant Abderrahim Zniber Group, and has a fleet of 10 vessels, of which seven are cephalopod trawlers and three are fitted specifically for crustacean catch.
However, Profand -- which had a turnover of €220 million ($234.7
