Marine Harvest-AquaChile merger terminated

Industry Database

Marine Harvest has confirmed that the merger process between Marine Harvest Chile and AquaChile has been terminated.

The company says in a statement that the potential merger was subject to a number of conditions, including execution of definitive transaction documentations, due diligence and approvals from relevant competition authorities.

The parties were not able to reach a joint final agreement and the Conditional Transaction Agreement has been terminated by mutual consent.

MHG says that it still believes in Chile as one of the global centres for salmon farming going forward and will continue to develop its current farming assets in Chile through its wholly-owned subsidiary MH Chile. The company also said it still believes that consolidation in Chile is a prerequisite for establishing a profitable and sustainable industry in the region.

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