Andromeda Seafood Limited signed an agreement to acquire 79.62 % stake in Selonda Aquaculture SA (ATSE:SELO) 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 €1 on June 20, 2018. The total consideration of the deal settled at €1. According to the agreement, the investor will inject capital in Selonda Aquaculture SA whereas the agreement reduces its bank debt -which currently amounts to €171 million by €20 million via an equal repayment. In a related deal, Andromeda Seafood Limited 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. 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 approved by European Commission and all final approvals were received. The transaction is expected to have a positive impact on Andromeda. Lazard, PricewaterhouseCoopers 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. Juan Grima and Pablo Cubel of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to Andromeda Seafood Limited.