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Pacific Andes

Pacific Andes agrees deal with HSBC to avoid winding up, KPMG refusing to play along

Pacific Andes inks deed to restructure and sell Peru business, and maybe other assets, but KPMG won't stand down as provisional liquidators until costs are paid

By Tom Seaman | Jan. 24, 2016 20:42 GMT
Copeinca anchovy fishing
Anchovy fishing in Peru. Photo: Copeinca
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Pacific Andes Resources Development (PARD) announced on Jan. 24 an agreement with lender HSBC, which would see a sale process run for the company’s Peru assets and various other restructuring measures taken. [...]

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