Here's a recap of the daily seafood news from Tuesday, April 20:
Forty bidders in mind, China Fishery auction planned for AugustOne way or another, the end to a five-year-long bankruptcy process appears to be almost in sight for China Fishery Group (CFG), Peru's largest fishmeal and fish oil processor. However, there appears to be no resolution readily apparent to the dispute between court-appointed bankruptcy trustee William Brandt, who wants to carry out a sale process for CFG, and a large group of its creditors known as the ad hoc group who, frustrated with repeated delays, instead propose to take over the company in a debt-for-equity swap. Read the latest development in detail here [...]
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