SELONDA

European Union antitrust regulators on Friday approved the joint acquisition by funds Mubadala and Amerra of three Greek fish farming firms, including Selonda and Nireus.

The acquisition is subject to the sale of fish farms that produce 10,000 tons of Mediterranean fish and the sale of hatcheries that produce 50 million pieces of fry, the European Commission said.

Mubadala Investment Company, the state investment firm of the United Arab Emirates, is preparing a set of investments worth 400 million euros in Greek enterprises in cooperation Greece's New Economy Development Fund (TANEO).

The emphasis will be on the sectors of tourism, healthcare, food and energy, to which end the two bodies yesterday issued an invitation of interest.

After a lengthy delay, the Andromeda aquaculture group, Amerra fund and Mubadala investment firm on Wednesday signed the agreement for the acquisition of Greek fish farming companies Nireus and Selonda, with the deal expected to be implemented by year-end.

Greek fish farming is about to enter a new era as the winning bidder for the takeover of local companies Selonda and Nireus is set to be announced on Thursday or Friday.

The tender process for the sale of fish-farming companies Selonda and Nireus, will head to a new round soon, Kathimerini understands.

Suitors Amerra Capital and Diorasis will be asked to table new binding offers, probably around the middle of next week, according to sources familiar with negotiations.

Banks are preparing a major endeavor to restructure problematic corporate loans which extend across four key business sectors and add up to some 5-5.5 billion euros.