Pescanova would sell its Chilean assets
According to the financial journal Estrategia, a source close to this process said that the liabilities of Acuinova in Chile would be very high. Moreover, there would not be proper conditions for the company to go public through an IPO. Among the companies potentially interested in Acuinova, some sources mention Marine Harvest.
Previously, the Spanish group announced the placement of 49 percent of the Chilean company in the local stock market as a consequence of the deep economic crisis experienced in Europe. Pescanova even declared that the transaction was going to be executed in the Santiago Stock Exchange before the end of Q1 2013. This process would have implied a capital increase of around US$ 57.8 million divided into 519,942,640 shares.
By this operation, the firm had expected to finance its development plan for the coming years, which included investments in fixed assets for new seawater farming sites in the regions of Aysén and Magallanes, while maintaining and strengthening its financial soundness.
Likewise, another operation would be about to materialize, as the local salmon producing company Trusal has reportedly agreed to merge with Granja Marina Tornagaleones. The latter would be the controller of the combined company, according to industry sources. At the time, the operation would be in the due diligence process.
