Avramar's restructuring case has taken a significant turn with the recent news that Cooke group from Canada has acquired 100% of Avramar Seafood SL, the parent company based in Spain. This acquisition aligns with Cooke's intention to strengthen its operations in the Iberian Peninsula, a market where they have previously established a foothold by acquiring Culmarex S.A., the largest sea bass and bream farming company in Spain in 2011.

The implications of this acquisition are twofold; on one hand, it enhances Cooke’s market presence in the region, potentially allowing for greater market control and influence in aquaculture. On the other hand, it may serve as a strategic move to apply additional pressure on Greek banks to accept their latest offer of €200 million for the acquisition of Avramar Greece, suggesting that Cooke is pursuing a robust expansion strategy while negotiating its interests in Greece.

This situation reflects broader trends in the aquaculture industry, where consolidation and acquisitions are common as companies strive to increase their market share amid competitive pressures. The acquisition not only affects the operational dynamics of Avramar but also has wider implications for investment and corporate strategies within the seafood industry in Europe, highlighting the significant role of foreign investments in shaping local markets.