Marine Harvest Complete Purchase of Acuinova

2 January 2015, at 12:00am

CHILE - Norwegian based fish farming and processing giant Marine Harvest has completed the purchase of Acuinova S.A.

The deal to buy the former Chilean fish farming company was announced in September and the deal went through shortly before Christmas.

Marine Harvest paid a total of $125 million for the company - $5 million more than the initial purchase price, which Marine Harvest said reflects a higher biomass at sea.

The asset purchase is subjected to VAT of approximately $10 million and will be financed temporarily by Marine Harvest. The VAT is fully refundable.