Marine Harvest buying bankrupt Chilean fish farmer Acuinova Chile S.A.
SEAFOODNEWS.COM [Dow Jones] By Dominic Chopping - September 15, 2014 -
Norwegian seafood company Marine Harvest ASA (MHG) said Monday it has agreed to buy the assets of former Chilean farming company Acuinova Chile S.A., currently in bankruptcy, for $120 million.
The assets represent a capacity to produce about 40 thousand tonnes a year and include a hatchery, a smolt facility, 36 sea water licences and a primary and secondary processing facility, all located in Chile's Region XI.
"Marine Harvest views the deal as an important step in forming a lasting sustainable production framework in the Chilean farming industry."
Closing is expected...
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