ECONOMY

EU OKs Mubadala aquaculture deal

eu-oks-mubadala-aquaculture-deal

European Union antitrust regulators on Friday approved the joint acquisition by funds Mubadala and Amerra of three Greek fish farming firms, including Selonda and Nireus.

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.

Amerra Capital is an independent asset management firm based in the United States.

Mubadala is an investment fund based in the United Arab Emirates. [Reuters]