Sokotra Capital Buys Tunisian Fish-Farm Business - Bloomberg

Sokotra Capital Buys Tunisian Fish-Farm Business - Bloomberg:

Sokotra Capital, a Dubai firm set up by former UBS Group AG banker Albert Momdjian, led a consortium of investors in acquiring fish-farm L’Aquaculture Tunisienne for an undisclosed amount.

The company, based in Sousse, Tunisia, is the largest seabass and seabream hatchery and nursery in North Africa, with a current annual production capacity of 20 million fingerlings and 1,500 tons of fish per year, the two companies said in a statement Friday.

The deal builds on Sokotra’s investments in the agriculture and aquaculture sectors, and the firm said it plans to pursue more such investments in Africa and South East Asia. It will also seek to expand L’Aquaculture Tunisienne’s business in North Africa, gradually extending it to the Mediterranean basin.