Legend unit stake in Chile

Source:Global Times Published: 2018/11/19 22:43:41

Chinese investment firm Legend Holdings announced on Monday that its wholly owned subsidiary Joyvio has agreed to purchase a majority stake in Chilean salmon producer Australis Seafoods SA.

Joyvio will buy a 94.47 percent stake in Australis Seafoods for $880 million, Singapore-based news website zaobao.com reported.

In 2017, Australis Seafoods produced 64,000 tons of salmon, accounting for 9 percent of Chile's total salmon production, the report said.



Posted in: COMPANIES

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