Chilean salmon farmer Ventisqueros has signed up to a $120 million (€97.9 million) loan with Rabobank and DNB, which will be used to cover its current growth plan and position it at 60,000 metric tons of annual production in the coming years.

The availability of the additional funds gives Ventisqueros the necessary flexibility to advance its Business Plan outlined for the coming years, it said, while allowing the company to continue with the modernization of its facilities and production centers.