Finnforel Advances Fish Farming Facility in Abu Dhabi
Deal News | Nov 28, 2024 | White & Case
Global law firm White & Case LLP advised Finnish aquaculture technology company Finnforel on the development of an advanced fish farming and processing facility in Abu Dhabi. Finnforel has partnered with the Abu Dhabi-based investment company ADQ to create a land-based fish farming setup with a capacity of 3,000 tons annually. This facility aims to produce rainbow trout in controlled indoor environments ensuring safety and hygiene throughout the year. Since its inception in 2015, Finnforel has been headquartered in Finland and this project marks a significant international expansion for the company. The advisory team from White & Case was composed of partners and associates from their Helsinki, Dubai, London, and Frankfurt offices, emphasizing the multi-jurisdictional scope of this venture. The facility in Abu Dhabi will leverage Finnforel’s innovative aquaculture solutions and expertise in the industry.
Sectors
- Aquaculture Technology
- Legal Advisory
Geography
- United Arab Emirates – The fish farming facility is being developed in Abu Dhabi, marking it a vital geographical location for the article.
- Finland – Finnforel, the target company, is based in Finland, providing the Finnish perspective to the business venture.
Industry
- Aquaculture Technology – The article centers on Finnforel, a company which specializes in aquaculture technology, pivotal for the fish farming industry.
- Legal Advisory – White & Case, a global law firm, provided advisory services, highlighting the legal and consultancy aspect of the deal.
Financials
- 3,000 tons annually – The maximum production capacity of the new fish farming facility in Abu Dhabi.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Finnforel | Target Company | Company | A Finnish company specializing in aquaculture technology, founded in 2015. |
| ADQ | Bidding Company | Company | An investment company based in Abu Dhabi, collaborating with Finnforel. |
| White & Case | Legal Advisor | Company | A global law firm advising Finnforel on the venture. |
| Victor Berg | Partner | People | Leading the advisory team from White & Case, based in Helsinki. |
| Sten Olsson | Partner | People | Leading the advisory team from White & Case, based in Helsinki. |
| Marcus Booth | Partner | People | Part of the advisory team from White & Case, based in Dubai and London. |
| Mathias Bogusch | Local Partner | People | Part of the advisory team from White & Case, based in Frankfurt. |
| Asta Tukiainen | Associate | People | Associate at White & Case, based in Helsinki. |
| Liselotte Grönlund | Associate | People | Associate at White & Case, based in Helsinki. |
| Camellia Homampour | Associate | People | Associate at White & Case, based in Dubai. |