AGROSUPER S.A. made an offer to acquire 33% stake in Empresas AquaChile S.A. (SNSE:AQUACHILE) from Puchi family, Fischer family and others for approximately $280 million on August 4, 2018. In a related transaction, AGROSUPER S.A. signed an agreement to acquire 67% stake in Empresas AquaChile S.A. from Inversiones Patagonia S.A. and Holding Salmones SA for approximately $570 million. As on August 10, 2018, Agrosuper revealed to cover 50% of the price for the acquisition through contributions from shareholders and will raise debt to pay the rest. The external financing is expected to include bank loans and bonds. The transaction will be declared successful if accepted by at least two-thirds of the shares issued with voting rights. The deal was approved by the Federal Trade Commission on December 10, 2018. As of December 12, 2018, the deal was approved by the Chilean antitrust authority. The tender offer will commence on December 14, 2018 and end on January 14, 2019.