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.
This measure, in his opinion, does not at all reflect the important advances that the Spanish liv...
Soren Skou was elected chairman, and Daniel O. Pedersen and Ulrik Bremholm were elected to the tw...
Lambs tailed in the South Island decreased by an estimated 645,000 head (-6.4%) compared to 2023,...
