Cermaq is not interested in taking a minority stake in Chilean aquaculture company Cultivos Marinos Chiloe, which it revealed it was in talks with on July 13.

Cermaq CEO Jon Hindar (pictured) said the company is not interested in taking a minority position, after reports in the Chilean press suggested the owners of the Chilean company do not want to give up control.

“We haven’t any more to say about the matter other than what we said in the release earlier in July.