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China Fishery Casts Line in Peru

Feb 27, 2013

China Fishery Group has made a $556m offer for the shares of Peruvian fishmeal and fish oil exporter Copeinca, paying a premium in a deal that would make it the strongest player in the country’s consolidating fish sector. The unit of Pacific Andes International Holdings is offering NOK53.85 ($9.44) per share for the Oslo and Lima-listed Copeinca, Peru’s second-largest fishery. The offer...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management