Marine Harvest announced an agreement to purchase assets of the former Chilean farming company Acuinova Chile, currently in bankruptcy.
The assets represent a capacity to produce about 40,000 metric tons (MT) HOG annually.
The asset purchase includes a hatchery, a smolt facility, 36 sea water lisences and a primary and secondary processing facility, all located in Chile's Region XI. The biomass included in the deal is expected to generate a harvest volume of about 15,000 MT HOG in 2015.
The agreed purchase price for the assets is USD 120 million (EUR 92.9 million). Closing of the transaction is expected during the fourth quarter of 2014 and the deal is subject to confirmatory due diligence and approval from relevant competition authorities as well as other customary approvals for such transactions.
The acquired assets provide Marine Harvest with the necessary comfort on zone control and on-shore infrastructure to commence sustainable production in the region. The company said it views the deal as an important step in forming a lasting sustainable production framework in the Chilean farming industry.
