Japanese giant Mitsui is to take a 23.7 percent stake in Salmones Multiexport (Salmex), a subsidiary of Chilean company Multiexport Foods, in a deal announced Thursday.

$100.7 million (€90.2 million) capital increase, paid fully by Mitsui in the shape of 3.2 million Salmex shares.

<p>Jose Ramon Gutierrez, chairman of MultiExport Foods</p>
The agreement also considers a corporate reorganization of the other branches of Multiexport Foods to enable all of the company's Chilean salmon operations to be managed by Salmex.

"The inclusion of Mitsui as new shareholder [in Salmex] constitutes favorable news and a great opportunity, as it deepens, in the long term, the existing relationship between both companies while it also opens new spaces to expand the commercialization channels for Chilean salmon in the global market," said Jose Ramon Guiterrez, executive chairman of Multiexport Foods (pictured).

"We