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New York gives green light for auction of China Fishery's billion-dollar anchovy businesses

By Jessica McKay

30 August 2017

New York gives green light for auction of China Fishery's billion-dollar anchovy businesses

Anchovies iStock.com/Nikontiger

A New York court has granted the US trustee for the Singaporean arm of multinational fishing consortium China Fishery Group permission to auction off the subsidiary's interest in two valuable Peruvian anchovy businesses - the "crown jewels" of the bankruptcy estate.