China Fishery Group settles Copeinca share dispute

By

SeafoodSource staff

Published on
July 25, 2013

China Fishery Group raised its stake in Peruvian fish feed maker Copeinca to 74.3 percent from 65.3 percent after settling a dispute with a Peruvian investor who had refused to sell, Copeinca said in a statement on Friday.

Singapore-listed China Fishery Group has been seeking to buy shares from Peru’s Veramar Azul S.L. through a call option and has threatened the firm with arbitration over its failure to honor the option.

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