Domstein Seafood AG establishes subsidiary in Canada
Domstein Seafood AG (Switzerland), has decided on the upcoming IPO of Domstein Seafood Corp. on the Canadian Stock Exchange due to new and long-term cooperation in Canada and Alaska.
Domstein Seafood is starting to expand itself overseas. With the establishment of a Canadian company, the company wants to be closer to the customer and the operational business. For this purpose, the Domstein Seafood Corp. founded the company in Vancouver Canada. The Canadian company will provide greater transparency for specific areas of activity. As a part of the divisionalization, the Domstein Seafood Corp., focus on the Canadian market and the salmon trade. At the same time, global acceptance of the company is strengthened and the American financial market is targeted. For this, the company announced the IPO in late 2019 in Canada.
Advantage for the European investor is by increasing the international relations and the acceptance one wants to increase the turnover of the enterprise. This, in turn, will benefit European shareholders in terms of higher returns.