Top Chilean salmon company strikes deal to buy two smaller salmon farms for $255m

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AquaChile will purchase Salmones Magallanes and Pesquera Eden.

Salmones Magallanes and Pesquera Edén has 26 concessions and a processing plant in Puerto Natales.

In 2017, the two companies together produced a total of 22,900 tonnes of salmon. .

AquaChile CEO Agustin Ugalde said the acquisition is important because the move strengthens the company’s access to the Magallanes region – an area considered ideal for salmon farming.

“These acquisitions are a big step for our company,” he said, according to Soy Chile.

The deal still requires approval of regulators.