The Santiago and Oslo stock exchanges signed a cooperation agreement to facilitate dual listings of salmon companies in Chile and Norway, the exchanges announced.


The memorandum of understanding (MoU) strengthens the links between both exchanges and establishes the conditions to exchanging information for the proper trading of equities dually listed in the Chilean and Norwegian markets, the exchanges announced in a press release.


"It also strengthens the links between the exchanges and establishes the conditions for


exchanging information for the proper functioning of equity trading in the Chilean and Norwegian markets," it said.


A ceremony to celebrate the MoU was held on Oct. 16 at the traditional trading floor of the Santiago exchange, headed by the exchange's CEO, Jose Antonio Martinez, the executive vice president of primary markets and legal affairs of the Oslo Bors, Oivind Amundsen, and the senior vice president of listings of Oslo Bors, Lars Jacob Braarud.


"The cooperation agreement considers exploring the option of listing other financial exchange-traded products, such as bonds and ETFs [exchange-traded funds]; share information related to domestic market activities; analyze the possibility of developing new products that add value to both exchanges, and increase awareness of each stock market listing sectors," was stated in the press release.


“Through this agreement we will have the opportunity to enhance exposure of the Chilean capital markets, adding visibility of our issuers and generating investment opportunities that contribute to the sustainable development of the market," said Martinez.


"Cooperating on important strategic areas for both exchanges will mutually strengthen our two markets and benefit issuers who wish to expand their investor base. Salmones Camanchaca have utilized this option through a successful dual listing between Santiago and Oslo, and we certainly

believe there is potential for further companies to do the same”, added Amundsen.


Currently, five salmon companies, including Empresas AquaChile, Multiexport Foods, Salmones Camanchaca, Invermar and Australis Seafood, are listed on the Santiago exchange.