Norton Rose Fulbright has advised Royal Greenland Seafood A/S on the sale of its fish processing facility in Wilhelmshaven, Germany, to two Singaporean companies, Sahara Investment Group Pte. Ltd. and Meridian Investment Group Pte. Ltd. The companies have agreed to jointly acquire the entire issued share capital of Royal Greenland Seafood GmbH. Prior to the completion, Royal Greenland transferred the lumpfish roe activities in Cuxhaven, Germany and new zip-lock/chain-pack production to other business units, as these activities are being retained.

The business activities sold represent close to 40 percent of Royal Greenland's current volumes, almost 30 percent of Royal Greenland's revenues and more than 20 percent of the Group's employees.

In addition to advice on corporate and M&A matters, the transactions involved a significant amount of expertise in IT, tax, employment and competition law which was provided by an integrated team of Norton Rose Fulbright lawyers from the UK, Germany, Belgium and France.

Royal Greenland Seafood A/S, headquartered in Greenland’s capital Nuuk, is one of the top ten seafood producers in Europe and the world’s largest supplier of cold water prawns and Greenland Halibut. The group generated revenues of DKK 5.0bn and profits after tax of DKK 136m in 2011/12.

The following Norton Rose Fulbright team was involved in the transaction:

Partners: Klaus von Gierke (Hamburg), Jason Moss (London, both lead, both corporate/M&A), Flemming Moos (IT), Frank Weberndörfer (employment, both Hamburg), Igsaan Varachia (tax, Munich), Christian Filippitsch (competition law, Brussels), Stéphane Sabatier (corporate/M&A, Paris), Laure Joncour (employment, Paris).

Associates: Katharina von der Heyde, Frank Volpers, Thomas Kirschfink (all corporate/M&A, Hamburg), Nicolas Sirtoli, Charles Bremner (both corporate/M&A, London), Jens Schefzig (IT, Hamburg), Andreas Berberich (tax, Munich), Max Seuster (competition, Brussels), Eric Dibout (corporate/M&A), Marie-Therese Eugenio (employment), Caroline Sommer (Of Counsel, tax, all Paris), Ed Denny (Of Counsel, tax, London).

Furthermore, Royal Greenland was advised by Kasper Koch, Director of FIH Partners in Copenhagen together with Senior Associate Andreas Faerk.

The acquiring companies were advised by Milbank, Tweed, Hadley & McCloy LLP:

Partners: Peter Memminger (corporate/M&A, Frankfurt) and Alexander Rinne (antitrust law, Munich).

Associates: Oliver Olah, Leopold Riedl (corporate/M&A), Thomas Tiedemann (IT, all Frankfurt), Matthias Schell (tax), Andreas Boos and Katharina Kolb (antitrust law, all Munich).