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Cooke Aquaculture Inc. is spending USD 20 million (EUR 15.4 million) to buy into a Chilean salmon farm.

The deal to acquire a 54 percent stake in Invermar is slated to close at the end of this month.

“What’s attractive about it is it does have hatcheries, a processing plant and it has farms in the 10th Region of Chile,” Cooke spokeswoman Nell Halse said Thursday.

The New Brunswick salmon giant, which directly employs 135 people at operations in Nova Scotia, has owned Chile’s Salmones Cupquelan since 2009. It has farms in a fjord in Chile’s neighboring 11th Region, she said.

Click here to read the full story from The Chronicle Herald >

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