Avramar: Cooke enters into a preliminary agreement to acquire existing debt facitilities

Cooke Inc. (“Cooke”) announced that it has signed a memorandum of understanding under which it will get from lenders thereof the existing indebtedness facilities of Avramar Aquaculture S.A., Andromeda S.A., Perseus S.A. and Avramar Commercial and Logistics S.A. (“Avramar Greece”), a starring shaper of farmed oversea bass and oversea bream successful Greece.

Together with Cooke’s existing statement to get the stock superior of Avramar Greece, upon closing, Cooke will get operational power of Avramar Greece.

The archetypal companies comprising the Avramar Greece radical were established successful 1981, and the concern has since evolved into a starring unit successful Mediterranean aquaculture. It is simply a vertically integrated cognition which includes hatcheries, marine farming units, processing and packaging facilities, arsenic well arsenic food provender production.

The company’s sustainability certifications are recognised by the Global Sustainable Seafood Initiative (GSSI) and the Global Food Safety Initiative (GFSI).

The acquisition is subject to definitive documentation and customary closing conditions and is expected to take spot arsenic σύντομα arsenic possible.