Salmon

Executives at salmon farmer Nova Austral warn company risks insolvency

The company warns 'there is a high degree of risk that a consensual restructuring may not be completed.'

Chile salmon farmer Nova Austral, backed by private equity giant Altor, has been in talks to financially restructure the company with secured lenders and bondholders as it tries to address its working capital needs.
Chile salmon farmer Nova Austral, backed by private equity giant Altor, has been in talks to financially restructure the company with secured lenders and bondholders as it tries to address its working capital needs.Photo: SMA
Farmed salmonChilePrivate equityBankruptciesNova Austral
Published 6 June 2023, 20:14Updated 6 June 2023, 20:21