Memorandum of Cooperation Signed Between Attica Group and ONEX

By 22 December 20232023 Newsletter week 51
December 22, 2023

On December 15, the Memorandum of Cooperation was signed between Attica Group and Elefsis Shipyards with a total budget of EUR 1 billion. The agreement outlines a 10-year cooperation framework for Attica Group’s shipbuilding program, which aims to modernize its fleet as well as that of its subsidiaries. ONEX Group will undertake this initiative at its Elefsis and Syros Shipyards facilities.

The agreement was signed by Mr. K. Mageiras, Executive Chairman of Attica Group, and Mr. P. Xenokostas, Chairman and CEO of ONEX Group, in the presence of the American Ambassador to Greece, George Tsounis; the CEO of Attica, Mr. Panagiotis Dikaiou; the Minister of Development, Mr. Kostas Skrekas; the Minister of Labor and Social Security, Mr. Adonis Georgiadis; the Deputy Minister of Economy and Finance, Mr. Nikos Papathanasis; and the Minister of Shipping and Insular Policy, Mr. Christos Stylianides. According to the Minister of Shipping, the signing of this Memorandum represents another significant step towards the development and ‘green’ transition of the Greek fleet.