Chile's largest salmon producer AquaChile said on Thursday it has agreed to purchase a controlling stake in rival Invermar, a step toward further consolidation in the world's No. 2 salmon exporting market.
AquaChile said it would seek to strike a deal with Invermar's creditors to gain a controlling stake and it would pursue a capital increase of USD 30 million for the purchase.
Invermar's shares surged 25 percent on the Santiago Stock Exchange.
