Optimism about Avramar’s future is caused by the fact that the three interested parties appear to have submitted a binding offer.
Remember that the three interested parties claiming the Avramar group in the final race are: the Spanish Atitlan, the Aqua Bridge Group from the Emirates and the Greek interest investment fund Diorasis, main shareholder of Philosofish.
According to sources, the first steps have been taken and an important obstacle has been overcome. And this is a positive development, as there was also the possibility that no proposal would be presented.
Preferred investor in 15-20 days
Banks will take advantage of the 15 to 20 day period to find the preferred investor. According to sources, the first assessment of credit institutions is scheduled for next Thursday.
As long as the schedule until the end of 2024 is maintained, the Avramar group will have changed hands.
Basic requirements
The central issue of the proposals presented is the value of the “haircut” claimed by interested parties for the “opening” of the bonds, which is said to exceed half a billion euros and, by extension, the price offered.
Another important factor that is taken into account by credit institutions is the business plan that accompanies each offer, as identifying the best viable option is a prerequisite for the good continuity of the national fish farming sector.