Salmon producer Marine Harvest has bought the farming assets from bankrupt firm Acuinova Chile for US$120m.

The deal will see an increase in salmon output in Chile by 15,000 metric tons next year the firm said in a statement. It includes a hatchery, a smolt facility, 36 sea water licences and a primary and secondary processing facility.

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The deal is expected to close in the fourth quarter of the year.

“Marine Harvest views the deal as an important step in forming a lasting sustainable production framework in the Chilean farming industry,” it added.

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