Cargill Chile Holdings, a subsidiary of global feed giant Cargill, is plans to purchase a 24.5 percent stake in Chilean salmon farmer Salmones Multiexport, now known as Multi X.

In addition, Mit-Salmon Chile, a subsidiary of Japan's Mitsui, will also increase its current holding in Multi X by just over 1 percent to also reach a 24.5 percent stake in the salmon farmer.

Combined together, the deals are worth more than $303 million (€275 million) before interest, outstanding dividends, transaction and other costs.