Merger Itata/El Golfo almost ready
According to a report forwarded by Pesquera Itata to the Chilean Securities and Insurance Supervisor or SVS, the due diligence process determined that the new merged company is going to belong in 54.69% to Itata and in 45.31% to El Golfo. Besides, the report details that this merger will be executed within the next two months.
Besides, some inside sources commented that the merged company would have plans to invest US$ 100 million in the coming years. This would respond to the growth plan of this new company, which expects to increase the current salmon production per year of both companies (around 20 000 tonnes) to 50 000 tonnes by 2013, reports El Mercurio.
