Stengel family sells salmon sites to Nova Austral

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With the new acquisition, Nova Austral adds four new farming licenses in the Magallanes.

With the move, the Nova Austral expects to produce over 30,000 tonnes – doubling its Magallanes production, reports LaTercera.

The sites include one in the Beagle Channel, which they do not intend to occupy, and another three in the Picton Pass.

The Chilean salmon farmer and processor is jointly owned by Scandinavian fund Altor and US fund Bain Capital.

In the publication’s headline – Familia Stengel sale del negocio salmonero y vende firma a Nova Austral it was implied that the Stengel family may be leaving the salmon farming business altogether. However, in February, SalmonBusiness reported that the family backed Inversiones Pelícano’s multimillion Chilean Antartic USD 2.5 million dollar salmon farming project planned in the municipality of Río Verde, Magallanes, was entering its environmental assessment stage.

SalmonBusiness has contacted a representative of the Stengel family to confirm this.