Attica Group on Friday afternoon announced that it has reached a tentative agreement with Greek lender Piraeus bank and minority shareholders for the acquisition of 50.3% of Hellenic Seaways.
Attica Group, a subsidiary of Marfin Investment Group, controls the coastal shipping operators Superfast Ferries and Blue Star Ferries, both of whom hold dominating positions in Greek waters and on the Greece-Italy routes.
The agreement, in principle, cites a purchase of the majority of Hellenic Seaways for 30.61 million euros in cash. Attica Group will issue 24.145,523 new common shares by completing a share capital increase.
The agreement awaits an approval by regulatory and other relevant authorities.
UBS Limited acted as Attica Group’s financial consultant.
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Source: naftemporiki.gr
