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Chile: Seafood providers reveal further merger

 |  January 19, 2015

Marine Harvest ASA announced that the recently merged companies of Acuinova and Marine Harvest Chile will merge with AquaChile. The merged company will keep the name AquaChile and will trade stock under the same ticker. The new AquaChile is estimated to hold a net interest bearing debt of $65 million, with Marine Harvest ASA owning 42.8 percent. Marine Harvest also agreed to a standstill in its ownership of AquaChile until June 15, 2016, after which Marine Harvest will have the option to acquire further shares.

AquaChile chairman Victor Hugo Puchi will keep his position after the merger which is expected to be cleared and finalized by the third quarter of 2015.

Full Content: Seafoodsource.com

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