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Camanchaca to pay $87m for remaining stake in Chilean fishing firm

CEO Ricardo Garcia Holtz has described the purchase of a 30% stake in the pelagics fishing operation it doesn't already own as 'major' and a 'game changer'

By Undercurrent News | March 27, 2024 16:24 GMT
Chilean firm Camanchaca's frozen jack mackerel processing plant in Coronel. Credit: Camanchaca
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Chilean seafood group Compania Pesquera Camanchaca has been informed it will have to pay $87.2 million for the 30% stake in pelagics fishing operation Camanchaca Pesca Sur (CPS) that it doesn't already own. [...]

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