Glacier Securities acts as lead advisor to Chile’s Camanchaca in the sale of Centromar S.A.

21.08.2012

Glacier Securities LLC, the New York-based subsidiary of Iceland’s Islandsbanki, acted as lead advisor providing investment banking services to Compania Pesquera Camanchaca S.A., one of Chile’s leading seafood producer and exporter, in its proposed sale of Pesquera Centromar S.A., its wholly-owned fishing and fishmeal subsidiary in Ecuador, to a group of investors led by Peru’s Congelados Peruana del Pacífico-CONPEPAC S.A. A binding agreement on the transaction has been signed by the parties. The transaction is scheduled to close at the beginning of October. Glacier Securities acted in Chile through its strategic partner Rainmaker Ltda.

Pesquera Camanchaca. S.A. (SNSE: CAMANCHACA) is a leading Chilean producer of salmon, trout, mussels and scallops. The company also operates a fleet of fishing vessels for jack mackerel, wild langostino and lobster as well as producing fish meal and fish oil. The company markets some of its products under the well-known seafood brand Pier 33.

Ignacio J. Kleiman, CEO of Glacier Securities, commented that the transaction is a highly strategic and intelligent decision by Camanchaca. “This transaction shows that the management of Camanchaca has a clear strategic plan for the group and is prepared to define and implement the right moves expeditiously and without hesitation. It has been a privilege to work with such a professional team and provide our expert advice to a market leader like Camanchaca.”

Older news

Islandsbanki hf. : 2Q15 Condensed Consolidated Interim Financial Statements

25.08.2015 08:15 - IR Releases
Profit after tax was ISK 10.8bn in 1H15 compared to ISK 14.7bn in 1H14. The difference is mainly due to irregular items.
More

Standard & Poor's raises Íslandsbanki's ratings to investment grade

21.07.2015 10:33 - IR Releases
Standard & Poor's Ratings Services has raised its long-term and short-term rating on Íslandsbanki to BBB-/A-3. The outlook on Íslandsbanki is...
More

Íslandsbanki hf. issues EUR 100m 3-year Fixed Rate Note

20.07.2015 16:57 - IR Releases
Íslandsbanki has issued a EUR 100m (ISK 14.7bn) 2.875% Fixed Rate Note due 2018 through lead manager Deutsche Bank. The note was placed with investors...
More

Íslandsbanki hf. and Glitnir hf. Come to Heads of Agreement Regarding the Re-Capitalization of Íslandsbanki hf.

16.07.2015 16:43 - IR Releases
Íslandsbanki hf., Glitnir hf., ISB Holding ehf. and GLB Holding ehf. have entered into Heads of Agreement under which they agree to co-operate in...
More

Euromoney has named Íslandsbanki “Best Bank in Iceland” for the third time in a row

10.07.2015 08:06
The magazine considered several factors in its assessment of the Icelandic banks, including earnings from regular operations, cost efficiency and the...
More

Financing of PCC BakkiSilicon hf. completed

10.06.2015 12:06
Íslandsbanki Corporate Finance, on behalf of PCC BakkiSilicon hf., is pleased to announce the successful completion of financing of the company‘s new...
More

Islandsbanki hf. : 1Q2015 Interim Consolidated Financial Statements

13.05.2015 08:34 - IR Releases
Profit after tax was ISK 5.4bn in 1Q15 compared to ISK 8.3bn in 1Q14. The difference is mainly due to irregular items.
More
Netspjall