Avramar: Aqua Bridge Takes Control

The agreement for the acquisition of Avramar Greece by Aqua Bridge, an investment fund from the United Arab Emirates, is being formalized immediately.

This agreement ends the months-long processes, as well as the efforts of the Canadian group Cooke to acquire Avramar outside the tender process conducted by Deloitte on behalf of the creditors.

Aqua Bridge acquires control of the largest Greek aquaculture company, following an agreement with the creditor banks, led by Piraeus Bank.

The change of direction at Avramar Greece comes after a period of financial difficulties, despite the previous rescue attempt by the banks.