Invertec Pesquera Mar de Chiloé S.A. (Invermar) is reportedly in merger or acquisition talks with Salmones Cupquelan S.A., a unit of Cooke Aquaculture, Inc. Invermar is reportedly also looking for a capital partner. Invermar was reportedly earlier in talks with Cooke Aquaculture but it is believed talks between the two companies have ended, with dispute over price and the nature of the mooted deal given by sources as possible reasons. Estrategia.cl reported that Salmones Cupquelan and Salmones Cupquelan talks failed after the two were unable to agree on a price but they could resume negotiations in the coming months.

Brescia Group is also reportedly eying Invermar. “We have been very open about the fact that we are actively pursuing further acquisitions in Chile. However, I am not able to provide comments on specific negotiations with specific companies until a deal has been concluded,” a spokeswoman for Cooke told Undercurrent News.