Pacific Andes-owned fishing group China Fishery Group 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.
The ”Short Term Loan Facility Agreement” has been amended to increase the loan facility amount from $295 million (€226.6 million) to $401.4 million (€308.3 million), the company said in a statement.
At the end of last month, China Fishery Group offered to acquire all of Copeinca’s shares for NOK 68.17
