Norway, Chile salmon M&A will bring 'more stability'

The boom and bust cycle of salmon prices could be limited by more companies with operations in both countries, said an analyst.

Cermaq’s announcement Friday that it is in talks to acquire Cultivos Marinos Chiloe, a Chile-based producer of salmon and trout, is the first sign of a trend that could bring more stability to the farmed salmon business, said Dag Sletmo, an analyst with investment bank ABG Sundal Collier.

“I think we will see more of these Norway and Chile deals, driven by a desire for companies to alleviate the boom and bust cycles,” Sletmo told IntraFish.

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