“A merger can be the outcome if both companies conclude it would profit them both,” Deputy Managing Director Antonis Hahlakis told IntraFish when asked whether the pair would eventually merge.

His company is adopting a ”cautious” business strategy, while executives intend to spend more time getting to know Marine Farms, before committing to such a move, Hahlakis said.

He rejected suggestions Nireus will launch a hostile takeover for Marine Farms.

“We don’t want to give the impression of being imposing or unfriendly in this situation.