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Invermar informed SVS about Invertec dissolution. (Photo: SVS/FIS)

Invermar dissolves Invertec Seafoods

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Friday, July 13, 2012, 23:40 (GMT + 9)

Invertec Pesquera Mar de Chiloe (Invermar) informed Superintendencia de Valores y Seguros (SVS) that as part of the reorganization of its subsidiaries the firm acquired the share held by Inversiones y Tecnología Limitada in Invertec Seafoods.

The acquisition of 100 per cent of the share was performed for a total price of USD 11,191.

Invermar explained that after holding all the shares of Invertec Seafoods for an uninterrupted period that exceeded 10 days, its dissolution was produced "in accordance with the provision No. 2 of Article 108 of the Corporations Act."

This company took over the liabilities, substituting that company in its business, operations and activities as well as in all assets and liabilities.

"In consideration to the amount of the transaction, and the fact that the company already held directly 99.99 per cent of the shares issued by Invertec Seafoods, the reported transaction will not cause effects on the operational situation or capital status reflected in its consolidated financial statements," expressed Invermar general manager, Andrés Parodi Taibo, in the note sent to the SVS.

By Analia Murias


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