Attica Group on Friday announced the completion of a transaction to buy a majority stake in Hellenic Seaways as part of an agreement reached on August 11, 2017 with Piraeus Bank and a minority shareholder in HSW, ANA reports.
Under the deal, Attica Group will pay 69.07 million euros to buy 37,789,833 shares in HSW, with 25.61 million euros paid in cash from Attica Group’s cash reserves and the remaining 43.46 million euros on delivery of 24,145,523 new shares of Attica Group with a nominal value of 0.30 euro each and an offering price of 1.80 euros per share, which will result from a capital increase plan.
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