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Announced

Cargill and Mitsui to acquire a 24.5% stake in Salmones Multiexport for $290m.

Financials

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Transaction Value£221m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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fishing

Farming Fishing Ranching and Plantations

Chile

food production

Acquisition

Private

Friendly

Cross Border

Minority

Pending

Synopsis

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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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