Chilean salmon farmer Salmones Austral is pushing back its plans for an initial public offering (IPO) and also nullifying the previously approved capital increase of $47.7 million (€47 million).

In an announcement on July 26, Salmones Austral said it is voluntarily canceling its registration its shares on Chile's Securities Registry of the Commission for the Financial Market (CMF), since it would not be possible to finalize the IPO within the legal deadline that expires in October.