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Cobalt Advises PRFoods on Sale of Swedish Business

Cobalt Advises PRFoods on Sale of Swedish Business

Estonia
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Cobalt has advised PRFoods on the sale of its Swedish business to Vattudalens Fisk.

PRFoods is a fish and fish products manufacturer and wholesaler listed on the Tallinn Stock Exchange and operating in Estonia, the Nordics, and Scotland.

Vattudalens Fisk is a Swedish company that has been farming rainbow trout for over ten years.

According to Cobalt, “the shares of Vattudalens Fisk, the acquirer of Oeverumans Fisk, are owned by Svaholmen, which is part of Norwegian Egersund Group. The transaction includes the sale of 100% of the shares of Oeverumans Fisk, a Swedish subsidiary owned by Saaremere Kala. Oeverumans Fisk´s field of activity is rainbow trout breeding in Sweden.”

Previously, Cobalt advised PRFoods on a EUR 9.1 million note issuance, in 2020 (as reported by CEE Legal Matters on January 28, 2020).

Cobalt’s team included Partners Martin Simovart and Marina Kotkas, Managing Associate Jesse Kivisaari, Senior Associate Heili Haabu, and Associates Getter Villmann and Christine Maegi.

Cobalt did not respond to our inquiry on the matter.

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