Salmones Austral considers Initial Public Offering

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Chilean salmon farmer plans to list on the Santiago Stock Exchange.

La Tercera reports that Salmones Austral have decided to begin the process of registering its company and shares in the Commission for the Financial Market (CMF), with the objective of making an Initial Public Offering (IPO).

The firm has plants and salmon farms in the regions of Maule, Biobío, La Araucanía, Los Lagos and Aysén. Pacific Star – now known as Salmones Austral since it merged with Trusal in 2013, has an annual production capacity of around 24,000 tonnes of salmon.

“The objective of its stock market debut is to finance the company’s growth and modernization plans, within the framework of its long-term investment strategy in the Chilean salmon market,” the company said in a statement.