China Fishery on Monday announced it would increase its loan agreement with various subsidiaries in a bid to fund the proposed acquisition of a significant equity interest in Copeinca.China Fishery said it increased the short term loan facility agreement from USD 295 million (EUR 226.5 million) to USD 401.4 million (EUR 308.2 million).
At the end of June, China Fishery offered to acquire all of the Peruvian fishmeal and fish oil producer for NOK 68.17 (USD 11.21, EUR 8.61) per share.
As a result of the new offer, China Fishery has available financing of about USD 1.13 billion (EUR 868.4 million).
