Blumar Seafood S.A. has sold a stake in the company to a group of private investors

Nogaleda Investments Chile S.A. has sold a stake in Blumar Seafood S.A. to a group of private investors for US$8 million.

Blumar Seafood engages in the fishing and aquaculture businesses in Chile. The company produces and sells fishmeal and fish oil products used in the production of animal feed in Japan, China and Korea, as well as distributes frozen fish in Africa's west coast, Peru, Cuba, Brazil, Eastern Europe, and other countries. It also produces and sells salmon and trout products in the US, Brazil, Russia, Canada, and Japan; mussels primarily in Europe, the US, Russia, and Asia; and other products such as breaded hoki and hoki fillets for export to the US, Europe, and Latin America.

Oaklins' team in Chile advised the seller in this transaction.