In early 2021, LMP Lawyers acted as the sole counsel for Viet Uc Seafood Group, a leading seafood group in Vietnam, in selling its majority capital in one of its subsidiary manufacturing shrimp feeds to Biomar, a global leader in aquaculture feed.
LMP assisted Viet Uc Seafood Group in drafting and negotiating the definitive agreements that contains complex arrangements on carve-out clauses, earnouts, members’ rights, etc.
Although the transaction was taken place amidst the outbreak of Covid-19 pandemic, LMP Lawyers successfully supported Viet Uc Seafood Group in completing the transaction.
LMP Lawyers team advising the Viet Uc Seafood Group in the transaction include Partner Le Minh Phieu, Associates Nguyen Le Hoang Dat and Nguyen Huynh Phuong Linh.
More detail on the deal can be found via this link: Denmark”s Biomart acquires Viet-Uc’s shrimp-feed business (vir.com.vn)
About Biomar Group
BioMar is a world leader in high performance diets for more than 45 different fish and shrimp species in more than 80 countries. Founded in 1962 by a group of Danish fish farmers, BioMar’s heritage is a long-term commitment to developing the aquaculture industry in a responsible and sustainable way.
About Viet Uc Seafood Group
Viet Uc Seafood Group is a leading aquaculture company in Vietnam and the largest post larvae producer in Vietnam with roughly 30% market share. Viet Uc is a technology-driven group who engages in collaborations with science and high-tech organizations to apply relevant technologies its fully integrated operation. Its current aspiration is to “Transform Vietnam’s Shrimp.” Its vision is to become a world-leading operation providing truly clean, truly traceable aquatic food products for global consumers in the most responsible and sustainable way.