Recent developments in the Avramar reorganization have accelerated, marked by the Cooke group from Canada acquiring full ownership of Avramar Seafood SL, the parent company based in Spain. This acquisition aligns with Cooke's intention to consolidate their operations in the Iberian Peninsula, where Avramar Greece also plays a critical role. This strategic movement is expected to bolster Cooke’s influence and capabilities in the wider region, further expanding their market share.

Historically, this acquisition follows Cooke’s 2011 takeover of Culmarex S.A., which positioned them as a significant player in the Spanish sea bass and bream farming sector. The recent purchase may reflect Cooke's ambition not just to grow its business in Spain but also to apply pressure on Greek banks in their ongoing acquisition plans for Avramar Greece itself, valuing at approximately 200 million euros. This dual strategy could indicate Cooke's intent to leverage their expanded portfolio against financial negotiations.

However, the unfolding situation raises questions about the reception of Cooke's offer by Greek banks, which may be leaning towards Aqua Bridge, another contender, for the acquisition of Avramar Greece. The outcome will have significant implications for the competitive landscape in the seafood market in both Greece and Spain, shaping future operational priorities for the companies involved.