Nireus Aquaculture SA (ATSE:NIR) agreed to acquire 73.54% stake in Sea Farm Ionian S.A. on March 31, 2015. As part of terms of the deal, Nireus Aquaculture will issue one share of NIR for every 1.07 shares of Sea Farm Ionian. The new share capital of Nireus Aquaculture SA will consist of 95.79% of old shareholders as well as 4.21% shareholders of Sea Farm Ionian.

Transaction subject to conditional permits and approval from relevant public and commercial bodies.