CHILE - Marine Harvest has ended its merger process with AquaChile following the failure of both companies to reach a joint final agreement.
The potential merger was subject to a number of conditions including, among other things, execution of definitive transaction documentations, due diligence and approvals from relevant competition authorities.
The parties have unfortunately not been able to reach a joint final agreement and the Conditional Transaction Agreement has been terminated by mutual consent.
Marine Harvest still believes in Chile as one of the global centres for salmon farming going forward.
Accordingly, Marine Harvest will continue to develop its current farming assets in Chile through its wholly-owned subsidiary MH Chile.
Marine Harvest still believes that consolidation in Chile is a prerequisite for establishing a profitable and sustainable industry in the region.
TheFishSite News Desk