Wednesday, November 1, 2023 – 7:57 PM
Abu Dhabi, 1st November / WAM / The Emirati group “E20” acquired a majority stake in “Lucky Fish”, one of the largest leading companies in the fish farming and production sector in the world and owned by the Turkish “Mediterra Capital”. The company specializes in investing in equity assets. Privately, this acquisition represents an important and pivotal milestone in enhancing Lucky Fish’s capabilities to expand globally.
Sultan Al Jabri, CEO of E20 Investment Group, said that investing in Lucky Fish, the leading company in the production and export of sea bass and seabream across Europe, is consistent with the group’s strategy and objectives of investing in sustainable companies specialized in the food sector.
Al Jabri added that Lucky Fish’s commitment to quality standards and responsible practices consistent with the E20 strategy makes this partnership promising.
He said: “Through this partnership, we look forward to enhancing Lucky Fish’s capabilities to increase production and enhance its presence in the market, in addition to expanding its scope in global markets by employing our extensive experience and global resources.”
For his part, Ismail Aksoy, CEO of Lucky Fish, expressed his confidence in the ability to grow globally through this partnership, stressing that E20’s expertise in this sector will provide new and distinct opportunities.
Murat Erkurt, founding partner of Mediterra Capital, which had acquired Lucky Fish in 2013, said: “We are excited to enter into a strategic partnership with E20 Investment, and we are confident that through this partnership Lucky Fish will achieve an achievement that will add to the company’s success story.” .
It is worth noting that the E20 Investment Group specializes in implementing and developing businesses, including investment in the sectors of agriculture, livestock and fisheries, and food and fresh produce trade.
Islam Al-Hussein / Ahmed Al-Nuaimi
2023-11-01 15:57:00
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