Australis Seafoods closed the deal with Norway’s AquaGen Friday over the asset sale of its Chilean subsidiary Landcatch for $11.4 (€8.3) million.
Norway-based AquaGen will pay for the Landcatch Chile assets -- which relate to the production of salmon eggs and genetics -- over a seven-year period, according to the paper Estrategia.
The initial contract signing price $13.7 million (€9.9 million) said the paper.
Australis Seafoods reported the deal to the Superintendency of Securities and Insurance (SVS), which conducted the sale.
According to the notice, the final price of the assets involved in the transaction was $11.4
