China Fishery Group (CFGL) has announced an increase in its offer price for Copeinca shares, upping it from NOK 53.85 ($9.40/€7.18) to NOK 59.70 ($10.40/€7.96), to match the price Cermaq is set to pay for its recently acquired 50.7 percent stake.
The fishing giant has also extended its offer to include the 11.7 million new Copeinca shares issued to Cermaq on April 5, meaning its offer is now for the entirety of the company.
While CFGL had already secured 41.5 percent of Copeinca's shares, pre-Cermaq deal, this stake has decreased in light of the new share offering, to 32.3
