Aqua Gen AS acquired Landcatch Chile S.A. from Australis Seafoods SA (SNSE:AUSTRALIS) for $12.6 million on November 28, 2013. The payment for the sale will be made over a four-year period, with an initial amount of $7.8 million to be made, followed by a further disbursement of $2 million in 2014, $1 million in 2015-2016 and a final payment of $0.8 million in 2017. The deal will not include Landcatch's smolt activities, while Australis will keep. The transaction was approved by Australis Seafoods SA's Board of Directors. The funds obtained through the deal will be used to pay $2.8 million for the leasing of the assets sold, and to finance part of the working capital and investments needed for the next years.

Aqua Gen AS completed the acquisition of Landcatch Chile S.A. from Australis Seafoods SA (SNSE:AUSTRALIS) on November 28, 2013.