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Isidoro Quiroga

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Isidoro Quiroga Moreno is the founder and majority shareholder of Asesorías e Inversiones Benjamín, the parent company of Quiroga Group. The Quiroga Group is a holding company that administers and manages companies in diverse areas such as mining, energy, agro-industry and aquaculture. He also serves as the Controller of Australis Seafoods.

History

Isidoro Quiroga
Isidoro Quiroga headshot.png Isidoro Quiroga headshot.png
Born

🏡 Residence	Chile


🏫 Education	School of Engineering at Universidad de Chile

💼 Occupation





🌐 Website	https://www.crunchbase.com/person/isidoro-quiroga

A graduate of the School of Engineering of the Universidad de Chile, Isidoro Quiroga has always been interested in the world of agriculture. In 1980, he started a kiwi business in the Aconcagua area and his success and experience has led him to sit on the Boards of Directors of companies of diverse areas, such as mining and energy.

In 2003, Quiroga acquired a percentage of Australis, a salmon company then exclusively dedicated to freshwater salmon farming. In 2007, he acquired 100% of the company and formed Australis Seafoods, which also fattened salmon up to export it globally. That same year the company went public, entering Santiago de Chile’s Stock Market and positioning itself as a leader.

He led the company in times of crisis. In 2017, the Infectious Salmon Anemia virus (ISAv) crisis left many salmon producing enterprises on the verge of bankruptcy. Quiroga managed the crisis firmly and successfully: in 2018, Australis Seafoods led the increases in the Chilean market, with a return of +26.43% to $79,650 and completing +56.15% so far that year, proving his expertise for high-level business and his fast response. In 2020 he sold the company to the Joyvio Group Co., a subsidiary of the Chinese conglomerate Legend Holdings Corporation, in nearly US$1 billion.

The news of the signing of a purchase and sale agreement shook the market - so much so that the six shares with the highest returns on the Santiago Stock Exchange (BCS) were aquaculture-fisheries. Moreover, the deal surpassed other similar ones: Australis was sold more expensively than other bigger companies of the salmon industry, with its shareholders receiving 15% more.

Quiroga conducts win-win businesses with higher profitability than his competition, and he will continue doing so. Nowadays, he is evaluating entering the Silicon Valley market and expanding his operations in the United States.

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