The merger agreement through the absorption of ANEK by Attica Group is in the final stretch, as everything shows. The merger will create a large shipping company by Greek standards. According to information, after the agreement reached for the purchase by Piraeus Bank of the loans that ANEK has to Alpha Bank, the signing of a Memorandum of Understanding (MoU) of the two banks is expected.
Then the boards of directors of the two shipping companies will take the relevant decisions and will proceed to the general meetings of the shareholders. It is noted that Piraeus Bank directly and indirectly plays a dominant shareholding role in both companies.
The business plan that has been elaborated by the management of Attica and has been brought to the attention of the creditors foresees a significant “haircut” of the bank loans of ANEK, but not of the debts of the company to third parties.
Sources close to the merger estimate that the developments from now on should be quick given the difficult conditions experienced by the shipping industry in the winter that has had an impact on the liquidity of companies.
With the acquisition of ANEK, the Attica Group will be in second place in Europe among all ferry groups in terms of passenger capacity (over 49,000), in third place in terms of vehicle capacity (with more than 40,000 lane meters) and in fourth place in terms of fleet size.
Το μεγάλο deal που έρχεται, οι επιστρεπτέες που φτάνουν, το landmark της Κηφισίας, και η κεντροαριστερή «νύφη»
Jumbo: Sales up by +12.8% in the first half
The company and the crisis
Tourism: Large hotels hit by “great resignation” – Now hiring just about anyone
The tourist season is reaching its peak, but many hotels both in Greece and in Europe are running out of workers
Tankers collide off Karystos
No serious damage or pollution
PPC-ELLINOIL: Installing 100 electric car charging points
The plan of the two companies in the framework of the MoU, which was signed a year ago, entered the implementation phase. Why is the input output system not working at gas stations?
Sismanoglio Hospital: People in doctors’ garb blow up ATM, cause serious damage
The perpetrators held guard at bay
Dimand scoops up the last large plot on Kifisias Avenue
Dimitris Andriopoulos acquired 1.1 hectares on Kifissias Ave. and the state of the art office building will be leased to PWC
Cargo ship takes on water west of Pylos
Hellenic Navy chopper picks up crew
Opinion poll: ND lead over Syriza at 8.5% points
The majority of respondents believe a snap election will take place in Greece in September or October this year
Fire brigade: 378 wildfires recorded nationwide over past week around Greece
July, August and a portion of September are considered the peak period of wildfires
Greek E-gov minister announces new ‘wallet-type’ app for holder’s police ID, driver’s license
It will include a holder’s digital police ID and driver’s license