Source: Copeinca company presentation, March 2013.
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re-post the article from another source..... http://www.grundfos.com/about-us/news-and-press/news/fish-will-be-thriving-in-the-gobi-desert.html
Blanchard ( Date: 05-Sep-2013 00:40) Posted:
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http://www.fis.com/fis/worldnews/worldnews.asp?monthyear=& day=26& id=63095& l=e& special=& ndb=1%20target=
< < an interesting article for your reading pleasure: Freshwater salmon will be thriving in the Gobi desert in north-western China near the Mongolian border > >
I suppose China Fish has to integrate their resources & operations in Peru..... got to be patient.....
valuebuyer ( Date: 02-Sep-2013 21:20) Posted:
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Good new? Bad new?any advice?
Blanchard ( Date: 02-Sep-2013 21:12) Posted:
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The Board of Directors of Copeinca ASA announces that Mr. Pablo Trapunsky has
resigned from the Chief Executive Officer position.
" Copeinca recognizes and values Mr. Trapunsky for his contribution and dedication to the company, which was crucial for the company's growth and consolidation in the industry. He held various positions throughout the years from Operations Officer back in 2004, to Deputy CEO in 2008 and CEO since 2011, positions in which he managed all of our operations such as harvesting, production, logistics, sales, shipments, safety, quality, maintenance and other projects. We take this opportunity to thank him and wish him all the best on his future endeavours" , says Samuel Dyer Coriat, Chairman of Copeinca ASA.
Re-post Moody's announcement.....
Mexico, August 29, 2013 -- Moody's said today that it does not expect at this time any change in Corporación Pesquera Inca, S.A.C.'s (Copeinca) B2 senior unsecured ratings or positive outlook from the announcement that its shareholders accepted China Fishery Group's tender offer for 20,222 of its shares, which combined with the current stake already owned by the Chinese company, would translate into a 99.1% ownership of Copeinca's shares. The transaction's settlement is expected to take place on August 30, 2013.
The last rating action was on January 10, 2013 when we rated Copeinca's USD75 million add-on to its USD175 million 9% global notes due 2017.
The principal methodology used in rating Copeinca was the Global Protein and Agriculture Industry methodology published in May 2013. Please see the Credit Policy page on www.moodys.com for a copy of this methodology.
Corporación Pesquera Inca S.A.C., headquartered in Lima, Peru, is the second largest fishmeal and fish oil producer in Peru and the third largest globally. The company has vertically integrated operations, with a fishing fleet it uses to catch anchovies off the Peruvian coast and plants that process this catch and those purchased from third parties into fishmeal and fish oil. Copeinca currently operates 28 vessels and five processing plants along the Peruvian coast. Over the last twelve months ended June 30, 2013 the company reported revenues of USD201 million.
Alonso Sanchez
Asst Vice President - Analyst
Corporate Finance Group
Moody's de Mexico S.A. de C.V
Ave. Paseo de las Palmas
No. 405 - 502
Col. Lomas de Chapultepec
Mexico, DF 11000
Mexico
JOURNALISTS: 001-888-779-5833
SUBSCRIBERS:52-55-1253-5700
Marianna Waltz, CFA
Associate Managing Director
Corporate Finance Group
JOURNALISTS: 800-891-2518
SUBSCRIBERS: 55-11-3043-7300
Releasing Office:
Moody's de Mexico S.A. de C.V
Ave. Paseo de las Palmas
No. 405 - 502
Col. Lomas de Chapultepec
Mexico, DF 11000
Mexico
JOURNALISTS: 001-888-779-5833
SUBSCRIBERS:52-55-1253-5700
Blanchard ( Date: 30-Aug-2013 21:37) Posted:
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Moody says that China Fish's acquisition doesn't affect Copeinca's B2 positive rating at this time.....
< < Acquisition of Copeinca..... the dream of yesterday..... the reality of today, and the transformation of tomorrow.> >
Settlement of the New Offer was completed 30 August 2013 (due to time difference,settlement in Peru occurred on 29 August 2013).
Following settlement of the New Offer, the Offeror owns 69,568,092 Copeinca Shares representing approximately 99.1% of the shares and votes in Copeinca.
Pursuant to chapter 6 of the Norwegian Securities Trading Act, the Offeror will, within four weeks after settlement of the New Offer, make a mandatory offer for the remaining Copeinca Shares not owned by the Offeror.
Subject to approval by Oslo Børs, the Offeror will offer a cash consideration of NOK 68.17 per Copeinca Share in the mandatory offer, equalling the consideration paid in the New Offer.
Subject to approval of the mandatory offer and the offer document for the mandatory offer by Oslo Børs, the offer document for the mandatory offer is expected to be distributed to eligible shareholders of Copeinca on or about 27 September 2013.
CFGL and the Offeror intend to retain Copeinca?s listing status on Oslo Børs while considering different options for further improvement of Copeinca?s organisation and profitability.
Oslo Børs has granted Copeinca a grace period until 1 October 2014 during which time Copeinca will not be required to comply with Oslo Børs? requirements regarding spread of share ownership.