Mitsubishi forced to file purchase contract of salmon company
After the legal actions taken by the Chilean mining giant Codelco, under which Anglo American and Mitsubishi were forced to display the stock purchase agreement signed regarding the transfer of 24.5% of the mine "ex Disputada", another subsidiary of this Japanese giant -Southern Cross Seafoods (SCS), has been legally required to display the stock purchase agreement whereby it acquired the Chilean company Salmones Humboldt in a transaction of US$ 125 million.
According to the financial journal Estrategia, the claimant company (Inversiones Clandort Chile Limitada) would be claiming for breach of SCS in the payment of agreed fees for the acquisition of the salmon producing company Salmones Humboldt. While Inversiones Clandort demands the payment of the agreed percentage for the total operation, the Japanese giant wants to enforce the payment rate only on the shares.
