The board of directors of China Fishery Group Ltd. said its Peruvian wholly owned subsidiary, CFG Investment S.A.C. (CFG Peru), entered into share purchase agreements June 12 with Pesquera Victor S.A.C., Pesquera Flor de Ilo S.R.L., and Alexandra S.A.C.
Terms of the deals were not disclosed, but the company said it would finance the acquisitions through a combination of internal resources and external financing.
The three Peruvian companies are engaged in the production fishmeal and oil. The firms own 13 fishing vessels and their respective fishing licences, four fishmeal processing plants with processing capacity of approximately 381 tons of fish per hour and the trademark Alexandra.
The
