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Copeinca Not Lured by CFG Offer

Mar 1, 2013

Peru’s Copeinca is not pleased with this week’s $556m unsolicited takeover offer from China Fishery Group (CFG), noting that key shareholders do not find the NOK53.85 ($9.39) per share offer attractive. Dyer Coriat Holding, with a 32.6% stake,...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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