Independent journal on economy and transport policy
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Attica will have almost the totality of the capital of the Hellenic Seaways
the Greek group will buy the quota Minoan (Grimaldi) for 78,5 million euros and will sell two ferries to the Neapolitan group
October 27, 2017
The shipowning group Greek Attica will have the property of almost the totality of the Maritime share capital of the compatriot Hellenic Seaways (HSW). Attica, than last August had signed an agreement in order to buy 50.3% of the capital of the navigation company ( on 16 August 2017), it has now reached an understanding with the Minoan Lines, Greek company of the Neapolitan shipowning group Grimaldi that stops remaining 48.53% of the HSW capital, in order to buy remaining not still sets in action in its possession.
Draft of 37.667.504 shares that will be yielded for total 78,5 million euros. The agreement with Minoan Lines includes also the sale by Attica of the Superfast ferry XII to a society of the Grimaldi group for a fee of 74,5 million dollars and the sale of the catamaran ro-pax Highspeed 7 of the HSW to the Minoan Lines for 25 million euros. The Superfast ship XII, of 31.000 gross capacities in tons, is constructed in 2002 and can transport beyond 1.800 passengers and 1,900 linear meters of rotabili. The fast unit Highspeed 7, constructed in 2005, can transport 1,150 passengers and 105 cars.
With the acquisition of the participation of the Minoan Lines, the quota property of the Attica in the HSW will go up to 98.83% of the entire share capital.
Last year Minoan Lines had tried without success to acquire the control of the Hellenic Seaways ( on 18 February 2016). Commenting the decision to yield own participation in HSW to the Attica, the company of the specific Grimaldi group to consider that this agreement will draw benefit carrying to term and that in the long period such operation will determine the positive outcome of the rationalization of the Greek field of the marine transport short beam and will maintain an adapted level competition in the field.
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The shipowning group Greek Attica will have the property of almost the totality of the Maritime share capital of the compatriot Hellenic Seaways (HSW). Attica, than last August had signed an agreement in order to buy 50.3% of the capital of the navigation company 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
