Cultivos Marinos Chiloé has been producing salmon in the southern region of Chile for over 20 years. (Photo: Cultivos Marinos Chiloe/FIS)
Cultivos Marinos Chiloé looks for new partners
Thursday, June 09, 2011, 02:10 (GMT + 9)
The company Cultivos Marinos Chiloé applied for registration with the Superintendencia de Valores y Seguros (SVS), as part of a process of analysis of opportunities for new ownership partners.
Meanwhile, various salmon farming companies have merged and others requested the opening in the Santiago Stock Exchange in order to raise resources to finance its growth plans.
Among the firms that issued an IPO were: AquaChile, Camanchaca SA, Invertec Pesquera Mar de Chiloé (Invermar) and Multiexport Foods.
Camanchaca and Pesquera Bio Bio SA, and SouthPacific Korp (SPK) and San Jose are among the companies that have merged recently.
In addition, this Thursday Australis Seafoods will place about 15 per cent of its stock ownership, and for the period 2011-2015, it will invest USD 274 million, part of which will be collected in this operation.
Cultivos Marinos Chiloé has been producing salmon in the southern regions of Chile for over 20 years. Its products are marketed abroad, especially in Japan and the United States.
On the other hand, Felipe Ureta, Biomar CEO, said the country's salmon industry will need to invest more than USD 700 million in working capital and infrastructure to achieve the maximum production potential over the next five years, according to Estrategia.
Currently, the Chilean salmon industry uses about 220 aquaculture concessions, out of a total of 1,000.
According to the businessman, "under the new production scheme of areas, it is impossible to use them all, but there are 1,000 additional applications in Magallanes, of which about 400 could be approved."
- Australis Seafoods debut in the Stock Exchange
- Camanchaca and Bío Bío merge operations
By Analia Murias