Salmon

Chile salmon farmer Nova Austral forced to make another cash call as 'liquidity issues' continue

The company's focus on the stocking of biomass lower than expected harvests are behind the move.

Chilean salmon farmer Nova Austral's liquidity issues have not gone away despite bondholders approving $15 million (€15.5 million) in new equity in December 2021.
Chilean salmon farmer Nova Austral's liquidity issues have not gone away despite bondholders approving $15 million (€15.5 million) in new equity in December 2021.Photo: Novo Austral
Nova AustralChileFarmed salmonBain CapitalAltor
Published 12 October 2022, 20:18Updated 13 October 2022, 13:44