Consortium purchases all shares of L’Aquaculture Tunisienne
August 6, 2018
A consortium led by SOKOTRA Capital Ltd., a Dubai-based private investment company specializing in the agriculture and aquaculture sectors, has completed the acquisition of 100 percent of L’Aquaculture Tunisienne (AT), one of the oldest and most established companies in the aquaculture sector in North Africa and the Mediterranean basin.
Aquaculture now supplies 53 percent of all the fish consumed by the world’s human population, but growth in the sector has slowed in the face of several challenges in meeting the growing global demand sustainably.
Agreement has been reached to provide funding to support the development of Kenya’s aquaculture industry, and Victory Farms plans to double the capacity of its tilapia hatchery in the East African country by next year.
Nutriad announced the appointment of Liza Fan as Country Manager China. Multinational Nutriad has been active in China for many years under the brands FFI and NATS, and recently invested in a new state-of-the-art production facility in Nantong. The company offers a broad portfolio of additive solutions for livestock and aquaculture to Chinese producers, supported by scientific data and technical management.