AquaChile To Purchase 2 Smaller Chile Salmon Farms For $255M
June 5, 2018 | 1 min to read
SANTIAGO – Top Chilean salmon company AquaChile said on Friday it had struck a $255 million deal to purchase two smaller operations after shareholders in February approved a capital plan that included listing on the Norwegian stock exchange.
AquaChile said in a filing it would purchase salmon farmers Salmones Magallanes and Pesquera Eden using a combination of debt and by drawing from a $200 million capital plan approved by shareholders earlier this year.
The move boosts the company’s access to the Magallanes region, a prime area of cold water in far southern Chile considered ideal for rearing salmon.
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