Invermar’s controlling shareholder Alimentos Marinos (Alimar), on Wednesday launched a Stock Purchase Order for the company’s remaining shares, offering minority shareholders CLP 120 ($0.17/€0.15) per share, the company said in a stock market notification.
Alimar owns an 83.24 percent of the company, and through the process aims to buy shares from "every shareholder who wishes to sell their shares," in a bid to obtain the full ownership of the company.
The offer will be valid through Jan. 10, 2019.
Alimar's owners, the Izquierdo family, recently announced they are merging the assets of Surmar into Invermar as part of a restructuring process.
