SANTIAGO, March 18 (Reuters) – U.S.-based commodities dealer Cargill Inc (CARG.UL) has agreed to amass a 24.5% stake within the salmon farming subsidiary of Chile’s Multiexport Meals for some $290 million, it stated on Friday.
Chile is the world’s second largest salmon producer after Norway. Cargill is a number one provider of salmon feed.
Beneath the deal, Salmones Multiexport will even have a 1.13% stake offered to an area unit of Japan’s Mitsui & Co (8031.T), whose stake within the agency will even attain 24.5%.
Multiexport Meals is ready to obtain a complete $303.3 million.
The circumstances of the deal – which nonetheless requires approval from antitrust watchdogs within the Unites States, Brazil and Chile – should be fulfilled in as much as six months.
Reporting by Fabian Andres Cambero; Writing by Gabriel Araujo; Enhancing by Chizu Nomiyama
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