Chilean salmon producer Camanchaca will ask its shareholders to vote on a $30 million (€25.9 million) capital raise at an extraordinary general meeting as the company seeks to undo damage to production caused by high oxygen levels and algal blooms that impacted its farms earlier this year.
The company did not provide a date for the vote.
The capital increase is aimed at supporting an investment plan through 2023 that will allow the company to harvest from sites with greater water and energy renewal, Camanchaca said.
