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Greece aquaculture restructuring

Shareholders give green light to Selonda bank takeover; Stephanis steps down as CEO

Banks set to own 82% of Greek bass and bream farmer as a result of €50.4m debt recapitalization and restructuring, while founder and CEO John Stephanis said to be stepping down after 34 years

By Eva Tallaksen | Sept. 11, 2014 14:32 BST
Selonda earnings, equity back in the black
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Shareholders of Selonda have given the green light for a bank takeover of the Greek seabass and seabream farmer, as the company's founder and long-time CEO John Stephanis will reportedly be stepping down [...]

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