Bolton Buys 38% of Calvo for $132 Million, Expansion Reports

Bolton Group bought a 37.6 percent stake in Spain’s canned fish company Calvo for more than 100 million euros ($132 million), Expansion reported today, without citing anyone.

Bolton, which has a more than 50 percent market share of the canned fish industry in Italy, bought a 22.2 percent stake in Calvo owned by several lenders including Banca Civica SA (BCIV), and a 15.4 percent stake from the controlling Calvo Pumpido family, the newspaper said.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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