Chilean salmon producer AquaChile seeks to raise $340 million and list in Norway

News
169

If approved, it will become the second only Chilean salmon company to be listed on the Oslo stock exchange.

AquaChile has announced a plan to issue $340 million worth of shares on the Norwegian stock market to finance investment and acquisition goals, the company said in a filing.

The plan will be put to a vote at a meeting the end of this month as reported in Reuters. It replaces a plan approved previously by shareholders to raise $200 million.

Agustín Ugalde, the firm’s general manager, said: “With these funds we plan to materialise the purchase of Salmones Magallanes and execute the investment plan that we are developing to take advantage of the growth opportunities and productive improvements.”

AquaChile could become the second Chilean salmon company to be listed on the Oslo stock exchange after that of Salmones Camanchaca in February.