The managing director of AMERRA Capital Management and chairman of Andromeda Group, Thor Talseth said that he is excited by the synergies that can be created between the companies.
Mubadala Group of Abu Dhabi will work together with asset management firm AMERRA Capital Management and the Mediterranean-based Andromeda Group aquaculture company as it acquires and merges two European fish farming companies.
The companies, Nireaus SA and Selonda SA, are based in Greece and mainly farm sea bass and sea bream.
Mubadala’s agribusiness director, Elham Al Qasim said, “Mubadala took the decision last year to build its presence in the agribusiness sector, which is strategically important to the global economy and has significant potential for value capture.”
“Aquaculture is one of the most promising sub-sectors, where the deployment of new technologies can drive productivity improvements and accelerate growth.”
The managing director of AMERRA Capital Management and chairman of Andromeda Group, Thor Talseth said that he is excited by the synergies that can be created between the companies.
He added, “We believe that significant value can be created by building on the comparative advantages of the Mediterranean aquaculture sector.”
The Group operates through six clusters in Greece and Spain, and is engaged with operations in fry, farming packing and value-added product sector.
