Billionaire John Fredriksen’s Marine Harvest ASA (MHG) rose the most since 2012 after agreeing to merge its Chilean salmon farms with the South American country’s largest locally owned producer.
Marine Harvest rose 5.9 percent, the steepest advance since June 2012, to 110.2 kroner in Oslo. The world’s largest supplier of farmed Atlantic salmon agreed to buy a 42.8 percent stake in Empresas AquaChile SA (AQUACHIL), whose shares surged as much as 33 percent in Santiago before paring gains to 15 percent.
The deal to combine the two companies’ operations under the AquaChile banner comes as Chile and Norway struggle to keep up with global demand growth driven by emerging markets, where more middle-class residents are seeking healthier diets.
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