Salmones Humboldt operates several salmon farming centres in Los Lagos and a processing plant. (Photo: Salmones Humboldt)

Mitsubishi to purchase Chilean salmon farming company

CHILE
Wednesday, November 09, 2011, 23:10 (GMT + 9)

Mitsubishi Corporation has agreed to acquire Salmones Humboldt firm from Sociedad Pesquera Coloso, the operation by which the Japanese group confirms its willingness to begin trading Chilean trout and salmon.

According to the data provided to the Superintendencia de Valores y Seguros (SVS), the price of the transaction has a base of USD 65.25 million and also contemplates the payment by the purchasers of the whole debt that Salmones Humboldt and Agroindustrial Santa Cruz Limitada have with Coloso, amounting to USD 59 million.

Meanwhile, Coloso said that the realization of the operation will generate a positive effect on its profit before tax of approximately USD 48.75 million, Diario Financiero reported.

In January, Mitsubishi associated with the sector service provider Primar and both companies created Southern Cross Seafoods. It is through the latter company, of which the Asian corporation owns 80 per cent, that the purchase of Salmones Humboldt will take place.

Salmones Humboldt has concessions in the Lakes Region and at the end of the first half of the year it operated three centres -- two Atlantic salmon centres and a trout one -- a process plant and a recirculation fish farming centre.

Southern Cross Seafoods has four directors: the manager of food and general merchandise of Mitsubishi, Nobuyuki Yoshimura; the general manager of Primar, Eduardo Kipreos; Shinya Kuroko and Yasumasa Kashiwagi.

By Analia Murias
[email protected]
www.seafood.media

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