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Benchmark Holding set to receive final US$8.75mln payment following break-up of its joint venture

The AquaChile deal was unpicked after Benchmark's local partner was taken over

Benchmark Holdings PLC -
Chile is the world's second largest salmon producing country and Benchmark said it remained an important market in the company’s long term strategy

Benchmark Holding PLC (LON:BMK) said it will soon receive the second and final tranche worth US$8.75mln under the terms of the dissolution of its joint venture with salmon farmer AquaChile.

In all it was due US$16.25mln and the UK aquaculture specialist takes full control of a breeding operation in the Chile’s Los Lagos region previously belonging to the JV.

The AquaChile deal was unpicked after its local partner was taken over.

Chile is the world's second largest salmon producing country and Benchmark said it remained an important market in the company’s long term strategy.

“We remain focused on achieving full scale production at this bio-secure, land based facility,” it added in a brief a statement.

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Price: 34 GBX

AIM:BMK
Market: AIM
Market Cap: £226.9 m
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