Salmones Camanchaca S.A.’s $105 Million Initial Public Offering


Thommessen, Portaluppi, Guzmán y Bezanilla, Claro & Cia. and Carey advised on the transaction

Salmones Camanchaca S.A. successfully executed its initial public offering of common shares in Chile and an initial public offering of beneficial interests in the Company’s common shares, traded in the form of depository receipts on the Oslo Stock Exchange.

DNB Markets, a part of DNB Bank ASA, is acting as Sole Global Coordinator and Joint Bookrunner in the IPO; Larrain Vial in Chile as the Santiago Stock Exchange Placing Agent; Nordea Bank AB, Norge and Pareto Securities AS are acting as Joint Bookrunners.

Salmones Camanchaca S.A. is a salmon farming company with a fully integrated value chain, starting with its proprietary genetic program, from its own broodstock and breeding facilities, to farming and processing in its own sea farms and factories. The customer base consists of retailers, food services and distributors, worldwide, which are served through its sales channels and also by using Compan~ia Pesquera Camanchaca S.A.’s sales and marketing channels. Salmones Camanchaca S.A. has ownership interests in the associated primary processing company Surproceso S.A. (33.33%), as well as a profit interest (33.33%) in a Trout joint venture, using its own sites.

Advokatfirmaet Thommessen AS advised Salmones Camanchaca S.A. and Compañía Pesquera Camanchaca S.A. with Lars Eirik Gåseide Røsås (Picture), Kai-Ståle Kristiansen and Linn Andrea Nordhus.

Portaluppi, Guzmán y Bezanilla advised Salmones Camanchaca S.A. and Compañía Pesquera Camanchaca S.A. with José Antonio Guzmán, Esteban Papic and Eugenio Guzmán Gatica.

Claro & Cia. advised Salmones Camanchaca S.A. and Compañía Pesquera Camanchaca S.A. with Felipe Larraín.

Carey advised Salmones Camanchaca S.A. and DNB Bank ASA with Pablo Iacobelli, Guillermo Acuña, Patricia Silberman and Jaime Coutts.

Involved fees earner: José Tomás Guzmán Dumas – Portaluppi Guzmán y Bezanilla; Esteban Papic – Portaluppi Guzmán y Bezanilla; Eugenio Guzmán Gatica – Portaluppi Guzmán y Bezanilla; Pablo Iacobelli – Carey; Guillermo Acuña – Carey; Patricia Silberman – Carey; Jaime Coutts – Carey; Lars Eirik Gåseide Røsås – Thommessen AS; Kai-Ståle Kristiansen – Thommessen AS; Linn Andrea Nordhus – Thommessen AS; Felipe Larraín – Claro y Cia;

Law Firms: Portaluppi Guzmán y Bezanilla; Carey; Thommessen AS; Claro y Cia;

Clients: DNB Bank ASA; Salmones Camanchaca S.A.; Compañía Pesquera Camanchaca S.A.;

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Author: Ambrogio Visconti.