Australis Shares Jump 30% After $880M Deal With China's Joyvio

SANTIAGO – Shares in Australis Seafoods (AUS.SN) jumped by nearly 30 percent on Monday after Chinese food service giant Joyvio said it would buy the Chilean salmon farmer in a $880 million deal.

Australis shares were up 29.37 percent at 81.5 pesos ($.121) at 10:56 local time (1356 GMT) on Santiago’s Stock Exchange .IPSA.

Joyvio, a subsidiary of Legend Holdings, said on Sunday it would buy all of the shares in the Chilean aquaculture company – one of Chile’s top salmon producers – at a price of $.128 per share.

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