date:Mar 28, 2014
Greek sea bass and bream farmer Dias Aquaculture announced on Thursday it will apply for voluntary bankruptcy.
The announcement comes after the companys application to enter into conciliation procedure under Chapter 99 of the bankruptcy law was declined.
Driven by its belief in the future of Dias, the board of directors of Dias still wishes to reach a restructuring settlement with the banks and other creditors, which is the only viable and long-term solution to the current financial impasse f