China Fishery to Merge its Peruvian Fish Meal Subsidiaries by End of 2015
Hong Kong-based China Fishery Group Ltd plans to merge its subsidiaries in Peru by the end of 2015 to strengthen its position in the production of fish meal and fish oil.
Currently, the Asian company operates in Peru via Copeinca, which it acquired at the end of 2013, and an own subsidiary.
According to China Fishery's second-quarter financial report, published on Monday, the merger will "unlock the full value of the synergies and efficiencies from the combined operations."
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