The Japanese conglomerate Mitsubishi Corporation plans to produce about 100,000 tonnes of salmon annually in Chile, if it manages to purchase the Norwegian company Cermaq.
Mitsubishi announced this week that it offers a payment of around USD 1,400 million to purchase the whole of Cermaq, which has operations in Norway, Canada and Chile.
This transaction would turn Mistubishi into the second largest farmed salmon producer worldwide.
Following this announcement, Mitsubishi Corporation’s Corporate Communications Division told the newspaper Estrategia that considering the 80,000 tonnes produced in Cermaq at present in the cou...
European Commission withdraws yellow card from Tuvalu European Union
The European Commission has lifted the yellow card it had issued for Tuvalu as acknowledgement of the important progress this Polynesian island nation has made in addressing the shortcomings in its fisheries governance.
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