Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Trusal's salmon farming centre. (Photo: Trusal/FIS)

Granja Marina Tornagaleones and Trusal, closer to their merger

Click on the flag for more information about Chile CHILE
Tuesday, November 13, 2012, 04:10 (GMT + 9)

After more than a year of negotiations, Trusal SA and Granja Marina Tornagaleones would have reached an agreement to merge the two companies.

According to sources close to the merger process, the parties reached an agreement on the valuation of each, which was the main point of disagreement.

The salmon firms could close the deal in the next two months to begin the corporate union in 2013, unless there are any last-minute new differences.

The same sources said that Trusal would be the most interested company in the merger, as it would require capital to meet the new stocking season that begins in December.

Debt maturities would also be one of the firm’s concerns.

At present, this salmon firm has a valuation of about USD 70 million (as of heritage value), Diario Financiero reported.

Meanwhile, Granja Marina Tornagaleones would be undergoing a good economic situation, which would give support to the merged firm.

Trusal is considered as having the category of medium-sized firm in the industry. Its sales projection for 2011 was about USD 150 million, with a production of between 27,000 and 30,000 tonnes per year.

According to the data provided by the Export Promotion Bureau of the Ministry of Foreign Affairs (ProChile), in the first nine months Trusal shipped USD 92.81 million, which placed it in the eighth position in the ranking of national salmon export firms. In the first place was Empresas AquaChile, with exports for USD 215.75 million.

Related article:

- Chilean and foreign companies interested in buying Trusal
 

By Analia Murias
editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Viet Nam
Sep 30, 03:50 (GMT + 9):
Anti-dumping tariffs on shrimp are 'unfair,' states minister
Brazil
Sep 30, 03:10 (GMT + 9):
Tilapia production falls due to drought
United Kingdom
Sep 30, 02:40 (GMT + 9):
IN BRIEF - NFFO Chairman, Tony Delahunty discusses the future of quota management in the under-10m Pool
Australia
Sep 30, 02:40 (GMT + 9):
IN BRIEF - Seafood labelling to identify imported prawns and barramundi
Viet Nam
Sep 30, 02:40 (GMT + 9):
IN BRIEF - Managing pangasius farms by codes
Viet Nam
Sep 30, 02:40 (GMT + 9):
IN BRIEF - Agribank: loans for fisheries development
Thailand
Sep 30, 02:40 (GMT + 9):
IN BREIF - Value of tuna, shrimp exports fall; profits up
United States
Sep 30, 02:40 (GMT + 9):
Largest marine monument worldwide created
Spain
Sep 30, 02:00 (GMT + 9):
NAFO increases Greenland halibut quota
United Kingdom
Sep 30, 01:00 (GMT + 9):
IN BRIEF - Young’s Launches Restaurant Inspired Gastro Meals for One
Netherlands
Sep 30, 01:00 (GMT + 9):
IN BRIEF - Progress on buyback programme Nutreco shares
Australia
Sep 30, 01:00 (GMT + 9):
Shrimp eyes help cancer detection
Mexico
Sep 29, 23:50 (GMT + 9):
Foreign money is suspected to fund sea cucumber illegal capture
Denmark
Sep 29, 23:30 (GMT + 9):
Eel spawning ground changes observed
European Union
Sep 29, 22:50 (GMT + 9):
EC welcomes NAFO's decisions



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Wild salmon consumption advised to be avoided
United Kingdom A non-government organisation recommends British consumers shouldn't buy wild-caught Atlantic salmon due to its depleted stocks.
Salmon and trout could be threatened by invasive crab
United Kingdom Salmon and trout stocks in the north and north-east of Scotland could be under threat from the invasion of the Chinese mitten crab (Eriocheir sinensis), which has reached Glasgow’s River Clyde, Scotland, for the first time.
Cephalopod sector to be left out of negotiations with Mauritania
Spain EU Commissioner for Maritime Affairs and Fisheries of the European Union reiterated she will not negotiate the inclusion of a cephalopod fishing quota of the new fisheries agreement with Mauritania, as the scientific reports say there is overexploitation of the resource.
Aid requested for fleet expelled from Mauritania and longliners in the Mediterranean
Spain The Spanish Fisheries Confederation requested the General Secretariat of Fisheries a prompt release of a ministerial order regulating aid for the temporary cessation of the fleet affected by Mauritania's decision to expel most of the Spanish vessels from its fishing ground.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel ehf - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Grupo Calvo - Luis Calvo Sanz, S.A. (Group Headquarter)
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council  - MSC Worldwide
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2014 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER