Historical moments are experienced for Australis Seafoods, and not only for this acquisition
Australis Seafoods completes acquisition of salmon processor in Punta Arenas
Thursday, July 11, 2019, 16:20 (GMT + 9)
Salmon company Australis Seafoods
finalized this Wednesday the acquisition of Pesquera Torres del Paine to the advisory and investment companies Cathoms and Aneto Limitada, in an operation that amounted to USD 26.5 million.
The purchase was made through the subsidiaries Australis Mar and Piscicultura Río Maullín.
"By virtue of the foregoing, Australis Seafoods has acquired indirect control of Pesquera Torres del Paine and with it, the operation of its processing plant located in the city of Punta Arenas, allowing it to improve its processing capacity of salmonid species cultivated in the area, which should have positive effects on the results of the company," the company said in an essential event sent to the Commission for the Financial Market.
JoyvioAgri has completed the acquisition of Starfish in July, 2017, a leading seafood importer, the largest cold water shrimp distributor and largest pollock exporter in China, and of KB Food, the largest seafood company in Australia, in 2016
At the end of June, the Chinese holding company Joyvio, through its subsidiary Food Investment SpA, launched a Public Offering for the Acquisition of Shares (OPA) for 100% of the Australis SeaFoods salmon company, controlled by businessman Isidoro Quiroga, an operation that could become one of the largest in recent years.
The offer of the Lenovo parent expires on July 26 and the price offered per share is USD 0.1350, which means that, if the purchase of all the shares is completed, the operation would amount to USD 921,624,000.
Australis produces approximately 64,000 tonnes of salmon per year, accounting for 9% of Chile’s total salmon production. In its last financial year, the company recorded net revenues of USD 399 million and profits of USD 73 million.