China Fishery says to start arbitration against Veramar
27/06/2013 10:15
SINGAPORE, June 27 (Reuters) - China Fishery Group Ltd CNFG.SI said on Thursday it intends to start arbitration proceedings against Veramar Azul in Peru over the latter's failure to transfer a call option that will let the Singapore-listed firm raise its stake in Copeinca ASA COPE.OL . China Fishery said the arbitration against Veramar will not affect its takeover offer for Copeinca, which is Peru's second-largest fishing company. China Fishery said in a stock exchange filing it effectively controls 65.26 percent of Copeinca shares, not including the call option shares from Veramar. (Reporting by Eveline Danubrata and Kevin Lim) ((eveline.danubrata@thomsonreuters.com)(+65 6403 5669)(Reuters Messaging: eveline.danubrata.thomsonreuters.com@reuters.net)) Keywords: CHINAFISH COPEINCA/
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