|Deal value:||Not disclosed|
Royal Greenland has divested its fish processing activities in Wilhelmshaven, Germany, to Sahara Investment Group Private Limited and Meridian Investment Group Pte. Ltd. The buyers will acquire the entire issued share capital of Royal Greenland Seafood GmbH. Prior to completion, Royal Greenland transferred its lumpfish roe activities in Cuxhaven, Germany and the new zip-lock/chain-pack products to other business units, as these activities are not part of the transaction.
To ensure that both Wilhelmshaven and the remaining Royal Greenland business activities in Europe will be able to maintain continuity in customer service without any undue disruptions from the transaction, the parties have agreed to subsequently split the existing Royal Greenland sales offices in Germany and France.
Royal Greenland meets the needs of the modern consumer by combining a unique history and high standards of quality with the finest seafood from Greenland and around the world. With a broad product range, Royal Greenland offers a delivery of seafood and convenience products to both retail trade and the food service industry. Royal Greenland is the world’s largest supplier of cold water prawns and Greenland Halibut and among the top ten seafood producers in Europe. Royal Greenland generated revenues of DKK 5.0bn and profits after tax of 136 million in 2011/12.
FIH Partners has acted as exclusive financial advisor to Royal Greenland in a private process.