Radar > 238327

China Fishery Group stops sale of its Peru-based assets

China Fishery Group detiene la venta de sus activos en Perú

Intel ID : 238327
Synopsis

China Fishery Group (HKSE:B0Z), a Hong Kong-based fishing company and owner of Copeinca Perú, filed for bankruptcy protection and stopped the sale of its Peru-based assets, announced the company in a press release issued on 1 July, 2016.

In a release issued to 19 companies connected with the group, China Fishery Group noted that, after filing for bankruptcy protection in a New York court, the company will not take any further measures in the short term, including the sale of the group's assets.

Since January, China Fishery Group had been holding talks with potential buyers of its fish flour operations in Peru (see related intel).
(content in spanish)

China Fishery Group (HKSE:B0Z), empresa pesquera con sede en Hong Kong y propietaria de Copeinca Perú, se ha acogido a una protección contra la bancarrota y ha detenido la venta de sus activos en Perú, según ha informado la compañía en un comunicado publicado el 1 de julio de 2016.

En un comunicado dirigido a 19 empresas vinculadas al grupo, el holding internacional ha indicado que, después que China Fishery Group se acogiera a una protección contra la bancarrota en una corte de Nueva York, la firma no tomará en el corto plazo más pasos inmediatos, entre los que se incluyen la venta de activos del grupo.

Desde enero, China Fishery Group ha llevado a cabo negociaciones con posibles compradores de sus operaciones de harina de pescado en el Perú (ver Intels relacionados).

Relevant Documents

Target

Seller


Intel ID 238327
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Copeinca
(31 Dec 2012)
Revenue: EUR 238,15m
EBITDA: EUR 78,68m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Industry / Food (Primary)
Primary Sector (TTRSC)
15.07.04 Fish & Seafood Products
15 Consumer Products & Services / 15.07 Food

Secondary Sectors (TTRSC)
55.01.03 Commercial Fishing
55 Raw Materials & Natural Resources / 55.01 Agriculture, Fishing & Hunting

Country
Website
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Natural Resources / Agriculture, Agribusiness, Farming and Fishing (Primary)
Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.