AquaChile S.A. (SNSE:AQUACHILE) agreed to acquire a controlling stake in Invermar S.A. (SNSE:INVERMAR) from Invertec Ltda. and creditors of Invermar on October 9, 2014. AquaChile will also inject $30 million capital into Invermar.

The acquisition requires a due diligence review by AquaChile as well as approval from Invermar's shareholders, AquaChiles' and Invermar's creditors and Chilean authorities. The deal is expected to be completed by November 30, 2014.