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Analysis
Selonda, Nireus merger seen as imperative following Dias absorption

By April 2, 2015 7:19 AM

Dias could be absorbed by Selonda in about six months, though deal is still subject to judicial approval and an agreement with creditors, say sources

Greece aquaculture restructuring
Selonda issues €110m bond loans to refinance debt

March 31, 2015 6:43 AM

Greek bass and bream company issues three bond loans as part of debt refinancing

Greece aquaculture restructuring
Defne Tur named as buyer of Nireus’ Turkey assets

By and Jan. 26, 2015 9:57 AM

Small family-owned producer, which in 2013 picked up a license from Selonda, named as buyer of Nireus' farm and trading arm in Turkey

Greece aquaculture restructuring
Greek court rejects restructuring plan of Hellenic Fish Farming

Nov. 26, 2014 8:29 AM

Court rejected company's application for an immediate approval of its restructuring plan, which Hellenic Fish Farming will appeal 

Greece aquaculture restructuring
Selonda secures Lidl contract

Nov. 18, 2014 9:40 AM

Greek seabass and seabream producer has secured a contract to sell products in 'innovative packaging' across Lidl stores in Greece

Greece aquaculture restructuring
Selonda unveils new chairman

Oct. 6, 2014 8:12 AM

George Antipas, chairman of the Selonda-backed fish feed producer Perseus, appointed chairman of seven-people board

Greece aquaculture restructuring
Linnaeus’ Anita Hamilton steps down as Dias CEO

Oct. 3, 2014 8:31 AM

Hamilton has stepped down from head of Greek seabass and seabream farmer, citing personal reasons

Analysis
Selonda leads the way in restructuring of Greek businesses

By Sept. 15, 2014 9:31 AM

From being a pioneer in Mediterranean aquaculture, Selonda has become the fist company in Greece to pilot a new restructuring model that banks will seek to replicate to other industries

Greece aquaculture restructuring
Outgoing Selonda CEO: Next step depends on Nireus

By Sept. 15, 2014 9:28 AM

Nireus now has to follow same path as Selonda, for the companies to merge and pave the way for a national champion, says John Stephanis, who is stepping down after 33 years

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

By Sept. 11, 2014 2:32 PM

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

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