Australis Mar, the growout, processing and sales arm of Chile's Australis Seafoods, has landed a $160 million (€144.7 million) loan from the Bank of China, reports Latin Lawyer.

Australis parent company, Australis Seafoods, was bought by Chinese giant Legend Holdings's Joyvio for $880 million (€781.2 million) last year.

In July, Australis Seafoods also acquired Chilean salmon processor Pesquera Torres del Paine for $26.5 million (€23.5 million). The deal was completed through subsidiaries Australis Mar and Pisciculturas Rios Mallin.