Bank of China provides $26.5 million bridge loan to Australis Mar for acquisition of 100% ownership stake in Pesquera Torres del Paine

On June 14, 2019, the Macau Branch of Bank of China signed a $26.5 million bridge loan agreement with Australis Mar S.A. — a special purpose vehicle and subsidiary of Australis Seafoods S.A., which is a subsidiary of the Legend Holdings-owned Joyvio Group — for the acquisition of a 100% ownership stake in Pesquera Torres del Paine, a salmon processing plant located in the Magallanes region of Chile. The acquisition was completed on or around July 10, 2019.

Additional details

1. Australis Seafoods S.A. owns and operates fish farms located in the Chile. The company, led by Ricardo Daniel Misraji Vaizer, Moises Benjamin Saravia Ortiz and Derek Kohn Bruggemann, is based in Santiago. Australis Seafoods S.A. produces approximately 64,000 tons of salmon per year, accounting for 9% of Chile’s total salmon production. In its last financial year, the company recorded net revenues of $399 million and profits of $73 million. 2. Joyvio Group, through its subsidiaries, produces and sells fresh fruits, processed foods, and food materials in China and internationally. The company was founded in 2010 and is based in Beijing, China.

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