BY P.R. VENKAT AND CHUN HAN WONG
SINGAPORE—China Fishery Group Ltd., in which U.S. private-equity firm Carlyle Group LP has a stake, is offering US$556 million for Copeinca ASA to capitalize on the Oslo-listed company’s access to Peru’s rich fishing resources.
China Fishery, which is listed in Singapore, sells most of its fish in China. Its push to expand its reach across the Pacific Ocean reflects a growing hunger for seafood in the world’s second-largest economy at a time when territorial skirmishes with neighboring countries are crimping Chinese fishing vessels’ haul in regional waters.
China Fishery, …
Chinese Firm Is Lured to Peru"s Fishing Industry
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