Fatfish Global Ventures AB agreed to acquire Abelco Investment Group AB (publ) (NGM:ABIG) in a reverse merger transaction on November 15, 2019. No cash consideration will be paid by the Fatfish Global to acquire the shares in AbelCo or by AbelCo to acquire the FGV shares. Under the terms of the transaction, Abelco will acquire 81% shareholding in Fatfish Global Ventures from Fatfish Blockchain Limited (ASX:FFG) via the issuance of 704.41 million new shares in Abelco. The minority shareholders of FGV transfer their 19% shareholding in FGV to AbelCo, resulting in AbelCo becoming the 100% owner of the issued capital in FGV. AbelCo issuing 44,992,286 new shares in AbelCo, to the minority shareholders, resulting in the minority shareholders in FGV holding 3.2% of AbelCo. Post the transaction, Fatfish Global Ventures will hold approximately 50.1% of the enlarged share capital of Abelco. The 352.21 million Abelco shares (50% of the consideration to be received by Fatfish Blockchain under the transaction) received by Fatfish Blockchain will be subject to a 6 month moratorium from completion of the merger. The remaining 352.21 million Abelco shares shall be subject to an additional 6-month moratorium (i.e. being a total 12-month moratorium). As of January 20, 2020, Johan Rooth, Former Chief Executive Officer of Fatfish Global Ventures, appointed as the Chief Executive Officer of Abelco, Fatfish Blockchain's Chief Executive Officer Kin Wai Lau and Chairman Larry Gan, appointed as directors of Abelco.

The completion of the transaction is subject to the approval of the transaction by the shareholders of Abelco at an extraordinary general meeting having been obtained and Fatfish Blockchain Limited parent of Fatfish Global Ventures AB obtaining shareholder approval. Fatfish Blockchain sees the transaction as an alternative path for Fatfish Global Ventures to pursue its listing in Sweden. The transaction will become unconditional once shareholders of AbleCo and Fatfish Global Ventures approve the transaction. EGM would be held on December 17, 2019. The deal is expected to get closed in mid-January 2020. As of January 6, 2020, The shareholders of Fatfish Blockchain Limited has approved the transaction. As of January 20, 2020, the transaction is now unconditional and is expected to close soon.

Fatfish Global Ventures AB completed the acquisition of Abelco Investment Group AB (publ) (NGM:ABIG) in a reverse merger transaction on March 16, 2020.