The UAE-based international agribusiness investment company E20 Investment acquired the majority share of seabass and seabream producer Lucky Fish from Mediterra Capital.
“We will focus on growing Lucky Fish by strengthening its position in the international markets,” said Sultan Al Jaberi, CEO of E20 Investment. With integrated facilities,
Lucky Fish exports its output to the UK and the European Union (EU).
“The investment projection of Lucky Fish, which is a vertically integrated seabass and seabream producer, will be accelerated in the new period. Actions will be taken to enhance its competitiveness at strategic markets in addition to capacity hike,” said Murat Erkut, Founding Partner of Mediterra Capital.
Exports account for around 97% of Lucky Fish’s sales. Mediterra Capital fully acquired the fishing firm in 2013.