A pool of investors spearheaded by the management team of Russian Fish Company and Dmitry Kotsyubinskiy completed the acquisition of Russian Fish Company, ZAO from PJSC Russian Aquaculture.

A pool of investors spearheaded by the management team of Russian Fish Company and Dmitry Kotsyubinskiy agreed to acquire Russian Fish Company, ZAO from PJSC Russian Aquaculture (MICEX:AQUA) on January 21, 2016. Hung Vuong Corporation will invest approximately VND 330 billion to purchase 51% stake in the Russian Fish Joint Stock Company. The transaction is subject to approval by Federal Antimonopoly Service of the Russian Federation (FAS). As a result of the transaction Dmitry Kotsyubinskiy will own remaining 49% stake in Russian Fish Company. For the year ended on December 31, 2015, Russian Fish Company reported net income of $15 million (VND 331.63 million). FAS is expected to announce the decision on transaction by March 30, 2016. The Sputnik Group acted as financial advisor to the pool of investors spearheaded by the management team of Russian Fish Company and Dmitry Kotsyubinskiy. The conversion was done through www.oanda.com on December 31, 2015. Igor Venediktov, Evgenia Kudryashova, Mukhamed Evloev and Kim Latypov of DLA Piper acted as legal advisor to PJSC Russian Aquaculture. A pool of investors spearheaded by the management team of Russian Fish Company and Dmitry Kotsyubinskiy completed the acquisition of Russian Fish Company, ZAO from PJSC Russian Aquaculture (MICEX:AQUA) on August 10, 2016.