The consolidation and transfer of ownership of Elefsina shipyards were discussed on Thursday by Development & Investments Minister Adonis Georgiadis and Deputy Minister Nikos Papathanasis with Chairman of Neorion Holdings SA’s board of directors Nikos Tavoularis and President & CEO at Onex SA & Onex Technologies Inc (NY, USA) Panos Xenokostas, ANA reports.
According to a ministry statement, it was agreed that the shipyards’ consolidation will be carried out through its liquidation under article 106 of the Bankruptcy Code. To this effect, Neorion SA’s shares in Elefsina Shipyards will be transferred to Onex for the symbolic price of one (1) euro, and the agreement will then be ratified by the relevant court.
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