Andromeda Seafood Limited completed the acquisition of 74.34% stake in Nireus Aquaculture S.A. from National Bank of Greece SA, Investment Arm, EFG Eurobank Ergasias S.A., Investment Arm, Piraeus Capital Management S.A. and Alpha Ventures A.E.

Andromeda Seafood Limited agreed to acquire 74.34% stake in Nireus Aquaculture S.A. (ATSE:NIR) from National Bank of Greece SA, Investment Arm, EFG Eurobank Ergasias S.A., Investment Arm, Piraeus Capital Management S.A. and Alpha Ventures A.E. for €10 million on June 20, 2018. Andromeda Seafood Limited signed an agreement to acquire 74.34% stake in Nireus Aquaculture S.A. from National Bank of Greece SA, Investment Arm, EFG Eurobank Ergasias S.A., Investment Arm, Piraeus Capital Management S.A. and Alpha Ventures A.E on June 21, 2018. Post-completion, Andromeda will reduce the borrowings of Nireus Aquaculture by €20 million with an equivalent repayment. In a related deal, Andromeda Seafood Limited agreed to acquire majority stake in Selonda Aquaculture SA (ATSE:SELO) on June 20, 2018. The transfer of shares is subject to customary conventions, merger control approvals and particularly to the approval by the respective authorities on acquisition audits. As per the disclosure of February 15, 2019, the deal received the approval of European Commission. The approval is conditional on the divestiture of a remedy package. As of March 19, 2019, the transaction is expected to be approved by the European Commission for Competition until June 20, 2019. On October 30, 2019, this transaction was apporved by European Commission and all final approvals were received. The transaction is expected to have a positive impact on Andromeda. Lazard, PricewaterhouseCoopers Greece, Investment Banking Arm and Alvarez & Marsal, LLC acted as financial advisors while Koutalidis Law Firm acted as legal advisor to National Bank of Greece SA, Investment Arm, EFG Eurobank Ergasias S.A., Investment Arm, Piraeus Capital Management S.A. and Alpha Ventures A.E. Andromeda Seafood Limited completed the acquisition of 74.34% stake in Nireus Aquaculture S.A. (ATSE:NIR) from National Bank of Greece SA, Investment Arm, EFG Eurobank Ergasias S.A., Investment Arm, Piraeus Capital Management S.A. and Alpha Ventures A.E. on November 27, 2019.