Agrosuper buys the majority stake in AquaChile
Agrosuper, a Chilean supplier of beef, pork, and poultry, has acquired the majority stake (67%) in AquaChile, a domestic salmon producer.
The deal is worth $850 million and analysts are considering it a move that helps to consolidate the country's salmon sector, reports Seafood Source magazine.
According to the company’s 2017 annual report, the firm had approximately $2.5 billion in total sales of proteins, with salmon accounting for 14.9% or $375 million of that amount.
According to a statement issued by AquaChile, its majority shareholders, Holding Salmones Ltd. and Inversiones Patagonia Ltd., signed a deal with Agrosuper to sell their stake in the salmon farmer on 4 August but the deal is still subject to a standard process of approval by Chilean authorities. Last month, Agrosuper has bought three other Chilean salmon producers: Friosur, Salmones Magallanes, and Pesquera Eden.
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