Home Ferry Schedules Attica Group: AGREEMENT FOR THE ACQUISITION OF MAJORITY EQUITY STAKE IN HELLENIC...

Attica Group: AGREEMENT FOR THE ACQUISITION OF MAJORITY EQUITY STAKE IN HELLENIC SEAWAYS MARITIME S.A.

Hellenic Seaways

Attica Holdings S.A. («Attica Group»), is pleased to announce an agreement in principle, with Piraeus Bank and other minority shareholders for the acquisition of 39,039,833 shares in total of HELLENIC SEAWAYS MARITIME S.A. (hereafter «HSW»), representing 50.30% of the share capital of HSW.

The total consideration for the transaction consists of Euro 30.61 million payable in cash and 24,145,523 new common registered shares of Attica Group, to be issued pursuant to a share capital increase.

Of the above mentioned majority equity stake in HSW, 1,250,000 shares have already been acquired by Attica Group in cash, while the remaining 37,789,833 shares will be acquired upon closing of the transaction, which is subject to the approval of the relevant regulatory and other authorities.

Greek Island Domestic Sea Schedules / Ferry Schedules

UBS Limited acted as financial advisor and Bernitsas Law Firm as legal advisor for Attica Group.

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