March 21, 2022 |
US food corporation Cargill has signed a deal to buy 24.5% of Chilean Atlantic salmon producer Multi X for $290 million, according to a press release on Friday.
As part of the deal, Japanese conglomerate Mitsui, which bought into Multi X in 2015, will purchase an additional 1.13%, giving it a 24.5% stake in the company, according to the press release.
Multiexport Foods will retain control of the salmon producer with a 51% share. The Chilean firm said it will receive a total of $303 million from
Japan's Mitsui also increases its stake in the Chilean salmon producer as part of the $303 mln deal