Peru fishmeal producer raises cash in Oslo
The Peruvian fishmeal producer Pesquera Copeinca has become the fist foreign
fisheries company to trade shares on the Oslo Stock
Copeinca joins a peer group of nine fishing companies
already listed on the OSE
, the combined market capitalization of which is valued at close to US$8
The company is the first foreign fishing company to be listed
and already around US$100 million of shares have been acquired by a group of 144
investors, mostly from Norway.
With the cash raised, Samual Dyer, the
controller of Copeinca plans to complete the aqcuisition of Jadran, in a deal
worth US$29 million.
Copeinca, headquarted in Lima, is Peru's fastest
growing fishmeal and fish oil producer. Depending on the annual country quota,
Copeinca produces 80,000 – 100,000 MT of fishmeal annually from its five plants,
most of which is destined for international markets. World demand for fishmeal
is increasing, especially from China, which today is Copeinca's largest export
market. Annual sales in 2005 were US$90 million.
To subscribe to the free AllAboutFeed
newsletter click here.
To comment, login here
Or register to be able to comment.