China Fishery nabs Copeinca shares

After having its buyout offer rejected last week — partially due to the fact that the offer did not take into account quota values — China Fishery has purchased a 9.9 percent share in Copeinca.

The purchase makes China Fishery the second largest shareholder in Copeinca, after Dyer Coriat Holding, with 37.7 percent.

China Fishery agreed to the price of NOK 53.85 per share for the 5,773,000 shares in the company from Ocean Harvest.

In addition, China Fishery has received pre-acceptance from Ocean Harvest to purchase another 2,345,075 shares, another 4 percent of Copeinca’s shares.