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KG Law Advises Minoan Lines on Sale of Stake in Hellenic Seaways to Attica Holdings

KG Law Advises Minoan Lines on Sale of Stake in Hellenic Seaways to Attica Holdings

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Kyriakides Georgopoulos has advised the listed company Minoan Lines S.A. and its major shareholder Grimaldi Group on negotiations for and the conclusion of a framework agreement with Attica Holdings S.A. related to its investment in Hellenic Seaways S.A. 

According to Kyriakides Georgopoulos, "the parties have agreed to a number of transactions which will be completed once the relevant clearance from the Hellenic Competition Commission is obtained. The transaction involves the sale of Minoan’s 49% stake in Hellenic Seaways to Attica and the purchase of  two vessels, raising the total transaction value to approximately 180 million. Once approved, the transaction is expected to rationalize the current market structure and reshape the Greek cabotage landscape in the future."

The KG team was led by Partner Konstantinos Vouterakos, assisted by Competition Partner Anastasia Dritsa and Associates Michalis Makris and Iakovos Sarmas.

KG Law did not reply to an inquiry about counsel for Attica Holdings on the deal.

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