Shareholders of Chilean firms Invermar and Surmar approved the proposal to merge Surmar into Invermar.

Following the takeover, Invermar will own all of Surmar’s assets. Shareholders also approved a capital increase of $115 million (€100.7 million) with the issuance of 938.8 million shares to be held by Surmar shareholders, the company said in a notification to the Chilean Stock Market Commission.

Invermar's owner offering to buy out minority shareholders
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Alimentos Marinos, owner of Surmar and majority shareholder of Invermar with an 83.24