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.
"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