Marine Harvest ASA (OB:MHG) entered into an agreement to acquire substantially all assets of Acuinova Chile S.A. from Pescanova, S.A. for $120 million on September 15, 2014. The asset to be purchased include a hatchery, a smolt facility, 36 sea water licences and a primary and secondary processing facility. The closing of the transaction is subject to confirmatory due diligence and approval from relevant competition authorities as well as other customary approvals for such transactions and is expected during the fourth quarter of 2014.

The asset purchase is subjected to VAT, fully refundable, of approximately $10 million, and will be financed temporarily by Marine Harvest. Landmark Capital S.A. acted as financial advisor for Acuinova Chile S.A.

Marine Harvest ASA (OB:MHG) completed the acquisition of substantially all assets of Acuinova Chile S.A. from Pescanova, S.A. for approximately $130 million on December 23, 2014.