Bitsakos, G. & P., Aquaculture S.A. and Kefalonia Fisheries S.A. completed the acquisition of bulk of the seabass and sea bream farms from Nireus Aquaculture S.A. and Selonda Aquaculture SA.
Bitsakos, G. & P., Aquaculture S.A. and Kefalonia Fisheries S.A. signed a agreement to acquire Bulk of the seabass and sea bream farms from Nireus Aquaculture S.A. (ATSE:NIR) and Selonda Aquaculture SA (ATSE:SELO) on August 13, 2019. As per the transaction Bitsakos, G. & P., Aquaculture S.A. will acquire farms with a capacity of over 10,000 metric tons as well as hatcheries with a capacity of 50 million smolts and Kefalonia Fisheries S.A. will acquire 1,000t of farms. Selonda Aquaculture SA will sell 6,295 tons of the farms worth of approximately 35 million in sales and Nireus Aquaculture S.A. will sell 5,000 tons of the farms worth of 30 million. Ernst & Young acted as broker in the transaction.
Bitsakos, G. & P., Aquaculture S.A. and Kefalonia Fisheries S.A. completed the acquisition of bulk of the seabass and sea bream farms from Nireus Aquaculture S.A. (ATSE:NIR) and Selonda Aquaculture SA (ATSE:SELO) on October 30, 2019. The European Commission has approved the deal on October 30, 2019.