Following months of negotiations and speculations, finally the Norwegian group, Ewos, has confirmed acquisition of the Nova Austral salmon farm, to date owned by PescaChile, a branch of Pescanova, for 183 million dollars.
This transaction, apart from settling Nova Austral’s debt with Ewos, to date a subsidiary of PescaChile, means a return to salmon farming operations under normal productivity parameters, enabling Ewos Chile to supply fish feed on a commercial basis.
Despite Pescanova’s reluctance, this will not be the only sales operation of its assets in Chile. By the end of the month, the sale process of PescaChile is scheduled to take place, and as of yesterday, it was confirmed that Marine Harvest will buy Acuinova for 120 million dollars, although the operation depends on the approval of the Chilean competition authorities. We shall be keeping informed.