Pesquera Iquique - Guanaye S.A. (SNSE:IQUIQUE) and Empresa Pesquera Eperva S.A. (SNSE:EPERVA) agreed to acquire an additional 20% stake in Orizon S.A from Sociedad Pesquera Coloso SA (SNSE:COLOSO) for $54 million on June 25, 2013. Post transaction will hold 20% stake in Orizon. Coloso exercised its option to sell 20% stake in Orizon. This transaction will generate a positive effect on Pesquera Iquique's balance sheet. The shareholders of Pesquera Coloso approved the transaction. The transaction is expected to be close in 60 days.

Pesquera Iquique - Guanaye S.A. (SNSE:IQUIQUE) and Empresa Pesquera Eperva S.A. (SNSE:EPERVA) completed the acquisition of an additional 20% stake in Orizon S.A from Sociedad Pesquera Coloso SA (SNSE:COLOSO) on September 25, 2013.