AGROSUPER S.A. signed an agreement to acquire 67% stake in Empresas AquaChile S.A. (SNSE:AQUACHILE) from Inversiones Patagonia S.A. and Holding Salmones SA and others for approximately $570 million on August 4, 2018. Pursuant to the terms of transaction, AGROSUPER will pay $0.73 for each share of AquaChile. In a related transaction, AGROSUPER S.A. made an offer to acquire remaining 33% stake in Empresas AquaChile S.A. for approximately $280 million. As reported, Agrosuper will cover 50% of the price for the acquisition through cash contributions from shareholders and will raise debt to pay the rest. The external financing is expected to include bank loans and bonds. The transaction is subject to regulatory approval and approval from competition authorities. As of December 10, 2018, Federal Trade Commission has approved the deal. On December 12, 2018, the Chilean antitrust prosecutor approved the acquisition. Jorge Allende D of Carey & Allende Abogados acted as legal advisor to Empresas AquaChile S.A. Pablo Guerrero, Emilio Vásquez and Javier Díaz of Barros & Errázuriz Abogados acted as legal advisors for AGROSUPER. Matías Langevin and Javiera Veloso of Morales & Besa acted as advisors for BNP Paribas in the granting of a loan to Agrosuper S.A. Felipe Larraín and Joaquín Rodríguez of Claro & Cia. acted as advisors for AGROSUPER in loan deal with BNP Paribas.

AGROSUPER S.A. completed the acquisition of 67% stake in Empresas AquaChile S.A. (SNSE:AQUACHILE) from Inversiones Patagonia S.A. and Holding Salmones SA and others for on January 20, 2019. As on January 20, 2019, AGROSUPER holds 99.71% stake in Empresas AquaChile. Agrosuper received a loan of $100 million from BNP Paribas. The loan will used for corporate purposes and in order to partially finance the acquisition of AquaChile S.A. Matías Langevin, Josefa Rodriguez and Javiera Veloso of Morales & Besa acted as advisors for BNP Paribas in the granting of a loan to Agrosuper S.A. Felipe Larraín and Joaquín Rodríguez of Claro & Cia. acted as advisors for AGROSUPER in loan deal with BNP Paribas.