Avramar

Fish farming company Avramar has received a joint bid for its acquisition by Spanish and Arab funds, which it has accepted, as have its creditor banks, Kathimerini understands.

Despite its significant problems, Avramar still commands a leading role in the Greek and more broadly in Mediterranean fish farming.

On the sunny quay of the picturesque Greek island of Poros, veteran fisherman Spiros Papaioannou makes no bones about imminent plans to expand fish farming.

"We don't want them on our island," the rubber-booted man in his seventies grumbled while cleaning his nets.

"We fishermen are going to be chased away, that's for sure," he said.