Copeinca Not Lured by CFG Offer

Copeinca Not Lured by CFG Offer

Peru China M&A

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, and Weilheim Investments, with 6.0%, “don’t find the offer attractive, Copeinca says. Ocean Harvest, with 13.9% has not entered into an agreement with CFG, but is considering the offer. Copeinca is is the process of hiring advisers to evaluate its alternat

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