EU Commission approves acquisition of Greek aquaculture companies


Mubadala Investment Company, the Abu Dhabi strategic firm with over $200 billion in assets under management, was given the green light by the EU antitrust regulators to invest in aquaculture alongside US private equity firm Amerra Capital Management. Greece’s Andromeda Group, which is owned by Amerra, will acquire majority stakes in two European fishing farming companies Nireus and Selonda and Mubadala will participate in the combined business venture. The acquisition is subject to the sale of fish farms that produce 10,000 tons of Mediterranean fish and the sale of hatcheries that produce 50 million pieces of fry, the European Commission said.