Wednesday, May 11, 2011

AquaChile aims to become a global aquaculture producer

The Superintendencia de Valores y Seguros (SVS) authorised AquaChile to open 30 percent of its property on the Santiago Stock Exchange on May 19. Meanwhile, the Chilean company is planning to explore alternative goods to be produced in Brazil and possibly in Vietnamese territory. There is also willingness to expand its presence in Costa Rica in the tilapia business and expand into Panama, the newspaper La Tercera reported.

Thus, the company intends to become a global producer of aquaculture products and improve its strategic position internally. AquaChile expects to raise about US$ 350 million (€243.275 million) with its debut on the stock, of which over two-thirds will be allocated to finance their plans for the next six years, which will require a total of US$ 470 million (€326.684 million). Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers
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