Tuesday , April 20 2021

Lenovo's giant father buys salmon Australis: will launch OPA for $ 880 million Bajada: Businessman Isidoro Quiroga has reached an agreement to sell his shares to the Asian company Joyvio, which belongs to the holding company Legend, which among other companies manages the signature of the company. computers.



The businessman Isidoro Quiroga has agreed to sell his shares to Joyvio, which belongs to the holding company that manages the computer company. In August, Agrosuper announced the purchase of AquaChile for $ 850 million.

Isidoro Quiroga has agreed to sell Australis to Asian giant Joyvio, which belongs to the Legend holding company, which among other companies runs the Lenovo computer company in an operation that could reach $ 880 million.

The Chilean businessman controls 94.5% of the salmon farmBut in any case, the Asian-origin company said it will launch a takeover bid for 100% of the company in an operation – the largest so far in the national salmon industry – in which LarrainVial participated as an exclusive consultant.

"According to the promise to sell, the shareholders agreed with Joyvio that if the transaction takes place, the price to be offered in the offer to acquire all the shares of Australis will be … US $ 880 million, he said. an essential fact sent to the governor the president of the Chilean salmon company, Martin Guiloff.

It was specified that the agreement considers a series of conditions which must be met at the latest in April 2019. In addition, it is noted that, once the due diligence has been completed, the parties will sign the respective share purchase agreement, requesting the authorizations to the Chinese authorities, as well as the corresponding authorizations in Chile and abroad. Once all this has been achieved, OPA will be released within 10 business days, which will not be subject to conditions of success or causes of expiration.

Should either party fail to comply with the contract, the other may charge $ 20 million in damages, says the essential fact.

In August of this year, Agrosuper – a firm controlled by Gonzalo Vial – reached an agreement to take control of the AquaChile Companies, in a deal valued at $ 850 million. The transaction will be materialized through a Public Offering of Shares (OPA).

Agrosuper's offer of US $ 473 per share (at the exchange rate observed on August 6) is equivalent to a premium of 15% against $ 410 of the closure before the deal was reported.


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