Peru’s Chinese owned Copeinca fishes for flexibility

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Peru’s Chinese owned Copeinca fishes for flexibility

Oliver West
July 22, 2014 07:45 AM
Peruvian anchovy fishermen
FILE - In this Dec. 4, 2012 file photo, fishermen eat lunch in the bow of a fishing boat, docked in the port of El Callao, after a night of fishing in the Pacific waters off the coast of Peru. Not only has overfishing of the Peruvian anchovy, or anchoveta, imperiled the country’s role as the world’s No. 1 fish-meal exporter, it has also raised alarm about food security in a nation that had long been accustomed to cheap, abundant seafood. (AP Photo/Rodrigo Abd, File) | Rodrigo Abd/AP/Press Association Images

Peruvian fishmeal and fish oil producer Corporación Pesquera Inca (Copeinca) is asking its bondholders to agree to changes in its indenture that will allow owner China Fishery Group more freedom over the company.

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Oliver West
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