Monday , June 5 2023

Financial operations and some capital & # 39; venture out in the skyline & # 39; Isidoro Quiroga after sales & # 39; Australis



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One week after the agreement for the sale of & # 39; Australis Seafoods – Joyvio reached by the Chinese giant and the company's controller, Isidoro Quiroga – is known, there is already speculation about the businessman plans. For 94.5% of ownership in the salmon farm, Quiroga receives just over USD830 million.

Despite the fact that f & # 39; Inversiones Benjamn, society which get almost all activities & # 39; Quiroga, there will be no clear definitions, apparently there are lights on it. Comments close on the horizon will not be, for example, the acquisition & # 39; an operation, because immediately the employer is dedicated to "do what was best": buying and selling & # 39; shares.

Similarly, it is said to be looking at capital investment & # 39; add risk to enterprises, for example, in the technological field. In fact, the dealer himself and his son with the same name took part in & # 39; meetings visited Silicon Valley in the US, and Tel Aviv, as part of a mission to capture this type of allo 39; contributions.

Quiroga invested in & # 39; various sectors and markets, as a shareholder and operator. Destinations such as Ukraine and different industries like real estate, education, agriculture, mining and electricity, have in its portfolio.

However, transferred to the latter two areas will not be among the options being considered. Couple & # 39; years ago, Quiroga began to return & # 39; part of the water rights it holds, because of the high cost associated with the patent for non-payment & # 39; use. Moreover, it was also a shareholder & # 39; electricity Pilmaiqun, abandoning the hydroelectric project is promoted by & # 39; Electro Austral. This is due to lower profitability of this type of & # 39; generation has. This was the case of power plants & # 39; Achibueno – who resigned in & # 39; May – and Agua Viva, initiative & # 39; US $ 70 million, which in & # 39; September received the support of the Committee of Ministers.

In the mining company, which participated with Quiroga & # 39; operations projects in Argentina and Chile, there are no concrete plans. In fact, Minera Fuego, the company through which promoted these types of & # 39; projects, for these days will be without active projects.

Concerns attack & # 39; Chinese capital

The record number of agreements for the sale of & # 39; Australis – exceeding that of transfer of & # 39; AquaChile to Agrosuper – shows the industry revolution after adjustments applied in 2016. Last year, salmon recorded its highest historical production, of & # 39; 64 819 tons & # 39; raw materials, which reported revenue & # 39; US $ 399.4 million, EBITDA & # 39; US $ 123.2 million and earnings & # 39; US $ 73.4 million. The company's assets amounted to USD 237 million, all of which capture the interest of the Chinese Joyvio.

That's incursion in the range of & # 39; US $ 8,000 million investment in the Asian giant in the country, considering the transactions carried out in the past three years. Added & # 39; this, according to data of & # 39; Invest Chile, US $ 1503 million associated with & # 39; 16 projects with & # 39; & # 39 different levels; progress, energy, infrastructure, global services and miscellaneous sectors. These numbers underline the assumption that ten years ago the Chinese investment in the country materialized under DL 600 was only & # 39; US $ 85 million.

"The interest is cross, b & # 39; In general, the most emblematic works or hitting are discussed, but there are cases like Mobike and its wheels, the expansion Mandarn chain hotels Oriental, the -multi of & # 39; Huawei to combine & # 39; Chile cable and China, in addition to optical Fiber of & # 39; Australia, the interest & # 39; Chinese consortium to build train Santiago -Valparaiso, projects & # 39; renewable energy, commercial chain stores, infrastructure etc. This week meet & # 39; to & # 39; Global Vice President of China, ThreeGorges. its current and future investments in the country ", explains the director & # 39; InvestChile, Cristi Rodrguez.

However, in & # 39; some sectors that the Chinese investment attack creates some concern, particularly in & # 39; half the trade war facing this country with the United States, the two major trading partners Chile.

F & # 39; this regard, Rodrguez states that & # 39; now noticed no reaction say we put the Chinese investment in & # 39; perspective. "Għamejna meetings and contacts with & # 39; about one hundred companies this year, I think we will continue to have a good news from China, but there is a long way still to go before the investment position of Chinese companies is predominant in the country. "

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