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Analysis

Ngs would need $2.8bn for Pac Andes Peru assets to get anything

Even sale of Pac Andes’ Peru anchovy assets at $1.6bn would leave Ngs ‘more than a billion dollars out of the money’, thus family has no incentive to sell, states court document

By Tom Seaman | Sept. 5, 2016 09:00 BST
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The Ng family, the controlling shareholders in the Pacific Andes group, would need $2.8 billion for the company’s Peruvian assets in order to get any return, according to legal documents in the group’s chapter 11 process in a US court. [...]

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