Indo Global Exchange(s) Pte. LTD Acquires ST ANDREWS – Press Release March 21, 2024

Indo Global Exchange(s) Pte. LTD (IGEX) recently announced its acquisition of SAINT ANDREWS, a move that is set to shake up the sustainable aquaculture and fish industry. The acquisition, valued at approximately US $8.16 million, saw IGEX acquire 25% of the corporate membership of ST ANDREWS at a discounted price of $6 million.

ST ANDREWS is a holding company that brings together various entities dedicated to sustainable marine aquaculture and the exploitation of marine resources. With a focus on farming fingerlings of different species such as sea bream, sea bass, turbot, sole, oyster, and clam, ST ANDREWS has over 50 years of experience in the industry. The company aims to grow by acquiring small companies linked to the sea and developing new seawater products, phytoplankton, and sea salts.

This strategic acquisition by IGEX highlights the company’s commitment to expanding its presence in the sustainable aquaculture sector. With ST ANDREWS’ expertise and innovative approach to marine products, IGEX is poised to capitalize on the growing demand for high-quality ecological and gourmet marine products.

Investors and industry experts are closely watching the developments at IGEX and ST ANDREWS as they navigate the evolving landscape of sustainable aquaculture. Stay tuned for more updates on this exciting partnership between two industry leaders.