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Eight bidders move onto next phase for acquiring Nireus, Selonda

Of the original 12 offers, eight remain in the process, all of which are private-equity funds.

Of the 12 original bidders who submitted non-binding offers for to acquire Greek bass and bream companies Nireus and Selonda, only eight remain heading into phase two of the process, reports Euro2Day.

All of the remaining bidders are private-equity funds, and -- although Cooke Aquaculture has been reportedly linked to the process in past -- none are believed to be already operating within the fish farming industry.

Amerra Capital is reportedly among the remaining bidders. It bought Andromeda two years ago, and Diorasis, which bought Bitsakos three years ago.

The investors are looking to acquire 75.9 percent of Nireus and/or 82.11 percent of Selonda, reports Euro2Day.

The paper said the private-equity funds Oaktree, HIG Capital, KKR, Rhone Capital, the Canadian aquaculture company Cooke and Diorasis International are alleged to have submitted indicative bids for the acquisition of both companies. According to information, Amerra Capital also submitted an offer, it said.

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