EWOS to buy PescaChile's Nova Austral salmon farming operation for $170 million
SEAFOODNEWS.COM [Techno Press] July 14, 2014
Norwegian salmon and fish feed supplier EWOS has submitted a winning bid to acquire PescChile's salmon farming operation Nova Austral for US$170 million.
On Friday EWOS's bid was accepted by the compay's trustee Mariclara Gonzalez. Under the agreement, expected to be finalized on July 31, EWOS will commit $70 million in up front capital to keep the operation going. EWOS will gain full control over Nova's 28 farming cites.
Nova is just one subsidiary of PecaChile's operations. The other major asset is Acuinova, which operates in the Aysen region with production forecast at 19,000 tons for the year.
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