Cargill, Incorporated agreed to acquire 24.5% stake in Salmones Multiexport S.A. from Multiexport Foods S.A. (SNSE:MULTI X) on March 17, 2022. Multiexport Foods S.A. maintains control of Multi X with 51% of the total shares. The transaction is subject to certain regulatory approvals and the fulfillment of conditions agreed by the parties and subject to approval from antitrust authorities. At closing, Mitsui, a shareholder of Salmones Multiexport since 2015, has increased its holding by 1.1%, to 24.5%. Multiexport Foods S.A. maintains control of Multi X with 51% of total shares. Cargill and Mitsui have a 24.5% share each.
Jaime Munro and Fernando Castro of Servicios Legales Baker McKenzie SpA acted as legal adviser to Cargill. Francisco Javier Illanes and Sergio Díez of Cariola, Díez, Pérez-Cotapos SpA acted as legal advisor to Multiexport Foods S.A. Agustin Achondo and Raimundo Silva from Oaklins International Inc. acted as financial advisor to Multiexport Foods S.A. Rabobank International acted as a financial advisor to Cargill, Incorporated. Cleary Gottlieb Steen & Hamilton LLP acted as the legal advisor to Multiexport Foods S.A.