Diorasis International signs deal for Selonda, Nireus assets

Greek private equity fund Diorasis International, parent of Bitsakos Aquaculture, has signed an agreement to acquire farming concessions with a capacity of 10,000 metric tons from Nireus and Selonda for a reported €50 million ($55.4 million), reports Ypaithros.

The deal is still subject to approval by the European Commission.

The transaction will pave the path for the completion of the acquisition of Nireus and Selonda by US private fund Amerra Capital and a United Arab Emirates-backed subsidiary of Mubadala Investment.