Mitsubishi Nabs Chilean Salmon Play

Mitsubishi Nabs Chilean Salmon Play

Chile Japan M&A

Japan’s Mitsubishi has agreed to pay $125m for Chile’s Salmones Humboldt, as it expands its salmon fishing business in South America. The deal is valued at roughly JPY10bn ($125m), Mitsubishi says, and was executed through its subsidiary Southern Cross Seafoods (SCS). Mitsubishi officials could not be reached for comment, and Salmones Humboldt did not return calls seeking additional information. Salmones Humboldt is based in the southern city of Puerto Montt where Mitsubishi’s SCS

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