Dyer Coriats bow out of Copeinca, take home $215 million cash-out

Grand Success Investment -- the Singapore-based investment arm of China Fishery's owner, Pacific Andes --completed its takeover of Peruvian fishmeal giant Copeinca Friday, buying the 19,098,000 outstanding shares owned by Dyer Coriat Holding (DCH).

The company paid $11.25 (€8.50) per share, giving DCH the tidy exit sum of almost $215 million (€160 million) for its 27.21 percent stake in the company.

The remaining primary insiders in Copeinca: Samuel Dyer Coriat (owner of DCH and chairman of the board of directors of Copeinca), Samuel Dyer Ampudia (owner of DCH and director of the board of directors of Copeinca) and Sheyla Dyer Coriat (owner of DCH and director of the board of directors of Copeinca) have, following the transfer of shares from DCH to Grand Success, no shares, or rights to shares, in Copeinca. 

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