Attica Group to buy 50.3% in Hellenic Sea Ways for EUR 30.6mn

Monday, August 14th, 2017
Last Update: 10:31
Attica Group announced an agreement reached with Piraeus Bank and other minority shareholders for the acquisition of a 50.3% stake in Hellenic Sea Ways (HSW). Attica will buy 39mn shares for EUR 30.6mn in cash.

There will be a share capital increase, which will be covered through a contribution in kind by Piraeus Bank and other minority shareholders, which will contribute their stakeholdings and in exchange they will receive Attica shares.

The transaction is pending regulatory approvals.

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