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Marine Harvest Surges on Chile Deal to Tap Salmon Demand

Billionaire John Fredriksen’s Marine Harvest ASA (MHG) rose the most since 2012 after agreeing to merge its Chilean salmon farms with the South American country’s largest locally owned producer.

January 19, 2015


Billionaire John Fredriksen’s Marine Harvest ASA (MHG) rose the most since 2012 after agreeing to merge its Chilean salmon farms with the South American country’s largest locally owned producer.

Marine Harvest rose 5.9 percent, the steepest advance since June 2012, to 110.2 kroner in Oslo. The world’s largest supplier of farmed Atlantic salmon agreed to buy a 42.8 percent stake in Empresas AquaChile SA (AQUACHIL), whose shares surged as much as 33 percent in Santiago before paring gains to 15 percent.

[Source: Jonas Cho Walsgard. Bloomberg Businessweek. Original article.]

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