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Food & Beverage

Thai Union to increase control of US seafood chain Red Lobster

Buyer wants to tighten procurement process, develop new products

U.S. restaurant chain Red Lobster will come under control of Thai Union, the world's largest canned tuna manufacturer. (AP Images)

BANGKOK -- The world's largest canned tuna producer Thai Union announced that it, together with Seafood Alliance, will take a 36% stake in U.S. restaurant chain Red Lobster.

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