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Sokotra Capital Buys Tunisian Fish-Farm Business

  • L’Aquaculture Tunisienne is one of region’s largest nurseries
  • Sokotra, set up by Momdjian, focuses on agriculture sector

Sokotra Capital, a Dubai firm set up by former UBS Group AG banker Albert Momdjian, led a consortium of investors in acquiring fish-farm L’Aquaculture Tunisienne for an undisclosed amount.

The company, based in Sousse, Tunisia, is the largest seabass and seabream hatchery and nursery in North Africa, with a current annual production capacity of 20 million fingerlings and 1,500 tons of fish per year, the two companies said in a statement Friday.