An "ad hoc group" of creditors is proposing a debt for equity recapitalization and restructuring plan for China Fishery Group’s (CFG) fishmeal business, which would ultimately see them taking full ownership of the operations in Peru.
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China Fishery creditors unveil plan to wrestle control of Peru operations from the group
The proposed restructuring would mean $150 million in new financing and more than $700 million of existing debt converted into new equity.
3 March 2021 11:06 GMT
Updated
3 March 2021 12:55 GMT
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