Chinese giant Joyvio kicks off process to acquire Australis shares

Legend Holdings-owned Joyvio Group, through subsidiary Food Investment Spa, launched an acquisition offer for 100 percent of Chilean salmon company Australis. The company will acquire all the shares of Australis at a unit price of $0.135 (€0.12) per share, leading to a total price of $921.6 million (€817.5 million) for the salmon farmer, up from the $880 million (€780.6 million) initially agreed. The acquisition offer was officially launched today as

Finance  intrafish.com 27 Jun 17:45 GMT

Chilean exec forecasts higher H2 salmon prices for US market

acquisition of Australis by Chinese Legend Holding’s Joyvio is now imminent, but the executive does not expect major changes in operations. “The fact that

Prices  intrafish.com 17 Jun 12:59 GMT

Joyvio closes Australis deal with $40 million higher price tag

Legend Holding wholly-owned Joyvio will kick off the takeover of Chilean salmon farmer Australis by June 27, Australis said in a notification to the Chilean securities market commission (CMF). All the conditions in the purchase agreement between both groups are now met, and Joyvio is obliged to starting the agreed takeover of up to 100 percent of the company’s shares at a price of $0.135 (€0.12) per share. The total transaction value will be $921

Finance  intrafish.com 14 Jun 04:48 GMT

Scotland, Ireland fight to fish around Rockall in latest Brexit dispute

on behalf of Queen Elizabeth, who sent some men to cement a plaque on the summit. However, legend has it that Irish associations with Rockall predate

Fisheries  intrafish.com 12 Jun 08:01 GMT

Australis earnings spike in Q1

Chilean salmon farmer Australis, owned by Chinese giant Legend Holding, reported higher sales and earnings in the first quarter of the year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were $20.3 million (€18.1 million), up 66.9 percent year on year, while sales jumped 27.2 percent to $99.5 million (€88.9 million). According to the company, the improvements are explained by a decrease in the cost of sales of Atlantic

Finance  intrafish.com 28 May 12:58 GMT

Business intelligence: Chilean salmon sector in state of 'hyper consolidation'

Agrosuper deal, Chinese giant Legend Holdings acquired Chilean salmon farmer Australis for $880 million (€785 million). It was the highest price ever paid for

Aquaculture  intrafish.com 15 May 15:34 GMT

Chile's prosecutor approves Australis acquisition

Chile’s National Financial Prosecutor (FNE) approved the acquisition of Chilean salmon farmer Australis by Chinese Joyvio, controlled by investment giant Legend Holdings. The Chinese giant made a binding offer for Australis Seafoods in Nov. 2018 for $880 million (€782.9 million), the highest price ever paid for a Chilean salmon company. The FNE approved the acquisition on April 30.

Finance  intrafish.com 14 May 05:10 GMT

DOWNLOAD: Seafood Executive Outlook 2019

ago. That's why we're seeing large acquisitions in Chile by AquaChile and Australis by Legend Holdings." Diversification is key Kleinman said the time

Finance  intrafish.com 08 May 07:30 GMT

Australis earnings hit by higher costs, lower prices

2017. Australis was acquired by Chinese Legend Holding in 2018, and announced it was acquiring a salmon processor in Magallanes earlier this month.

Finance  intrafish.com 11 Mar 12:11 GMT

Australis acquisition provides springboard for new products

months earlier China's Joyvio Group, a subsidiary of the Chinese conglomerate Legend Holdings Corporation, acquired Australis for $880 million (€776

Processor  intrafish.com 06 Mar 12:11 GMT