SANTIAGO () – Agrosuper, one of Chile’s top food producers, said on Monday it would buy Chilean salmon company AquaChile for $850 million, the latest of several mergers and acquisitions in the South American nation’s consolidating salmon farming industry.
AquaChile, one of Chile’s largest salmon producers, had recently struck a $255 million deal to purchase two smaller Chilean fish farming operations, boosting the company’s access to the Magallanes region of Patagonia, a prime area of cold water ideal for salmon rearing.
Agrosuper on Monday said in a filing with financial regulators that it would purchase the stock at .73 dollar per share, an estimated 16 percent premium over AquaChile’s price at the close of trading on Friday, according to a Reuters calculation.
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