Announced
Financials
Sources
Tags
fishing
Farming Fishing Ranching and Plantations
Chile
food production
Acquisition
Private
Friendly
Cross Border
Minority
Pending
Synopsis
Cargill, a privately held American global food corporation, and Mitsui, a general trading company, agreed to acquire a 24.5% stake in Salmones Multiexport, a salmon producer in Chile, also known as Multi X, for $290m. "We welcome Cargill, with their 156-year track record of growth and success, as well as a purpose and values that align with ours. Together with Cargill and Mitsui, and our talented and passionate collaborators, we will combine capabilities and strengths for a sustainable development of Multi X and deepen our commitment to the southern regions of Chile," José Ramón Gutiérrez, Multiexport Chairman.
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