Source: www.aqua.cl

Together, they would sell more than US$150 million annually of salmon in the United States market.

Last Thursday, September 29, Blumar Seafoods reported that its subsidiary Salmones Blumar S.A. and the company Productos del Mar Ventisqueros S.A. executed a purchase agreement for the sale of equity rights, whereby the latter acquired 50% ownership of the salmon marketing company headquartered in the United States Blumar USA, LLC, which until that date was entirely owned by Salmones Blumar.

Complementing that information, recently the company controlled by the Sarquis and Yaconi-Santa Cruz families clarified that in addition to the purchase agreement, it signed a partnership agreement with Ventisqueros, which was included in the bylaws of Blumar USA, which basically regulates its administration and the manner in which the partners can transfer their respective rights.

“It is estimated that the transaction will not have significant effects on the short-term results of the subsidiary Salmones Blumar and, therefore, on the parent company Blumar S.A.,” explained Gerardo Balbontín, general manager of Blumar Seafoods.