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Fish feed factory. (Photo: Salmonfood)
Alicorp purchases Salmonfood for USD 62 million
CHILE
Tuesday, July 31, 2012, 00:50 (GMT + 9)
Invertec Pesquera Mar de Chiloé (Invermar) and two unrelated companies performed the sale of Salmofood SA to the Peruvian firm Alicorp for USD 62 million.
"Invermar, coupled with the unrelated companies Pesquera Yadrán and Inmobiliaria, Asesorías y Desarrollos Degán, have signed a share contract sale for which they have agreed to sell 100 per cent of the shares issued by Salmofood, which belongs to the company, to Alicorp Holdco España SL, a subsidiary of the Peruvian company Alicorp," reads the document sent to Superintendencia de Valores y Seguros (SVS).
The 50 per cent of the total transaction amount corresponds to Invermar and the remaining amount to the vendors, in proportion to their shares in Salmofood.
"The payment of the price and the transfer of the shares shall be made on the operation settlement date," which is subject to the approval by Invermar’s creditor banks, Estrategia reported.
The operation settlement will mean an extraordinary profit for Invermar, which is estimated at about USD 9.5 million.
The purchase of 100 per cent of Salmofood shares is the tenth acquisition Alicorp has performed in recent years, and the first one taking place in Chile.
With this operation, the Peruvian company has invested more than USD 227 million in procurement, according to Diario de Fusiones y Adquisiciones.
Salmofood is dedicated to the production and marketing of fish feed and is headquartered in the city of Castro, on Chiloé Island (Region of Los Lagos). In 2011, the firm had a 6.6 per cent stake in the Chilean market for fish feed.
Meanwhile, Alicorp Animal Nutrition Division last year represented 7.5 per cent of the total group sales. Its production mainly focuses on shrimp and fish feed.
Alicorp is one of the largest industrial companies in Peru, and has subsidiaries in Argentina, Colombia, Ecuador and Honduras.
Between January and March 2012 the firm sold products for USD 368 million.
Related article:
- Salmofood sold to Peruvian company Alicorp
By Analia Murias
[email protected]
www.seafood.media
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