Attica Holdings’ passenger, car, and truck transportation sector will be transferred to its 100% subsidiary “BLUE STAR FERRIES SINGLE MEMBER M.S.A.”.
The spin-off is expected to complete within the year. Post-spin-off, Attica A.E. Holdings will continue providing administrative and advisory services to its group companies.
Mr George Nikolakopoulos assumes the position of Chief Financial Officer with effect from April 1, 2024.
Mr Nikolakopoulos has more than 20 years of experience in the financial industry. In recent years he has served as General Manager of doValue Greece as Head of Corporate & SME loan management. Previously, he worked at Eurobank with corresponding responsibilities from the position of Deputy General Manager. He started his professional career at Grant Thornton where he held a number of positions of responsibility, completing his 14-year collaboration from the position of Partner, Head of Transactional Services
Grimaldi Group returned to the European Investment Bank, asking for €70m, on a total cost of €150m, for a project involving “the retrofitting of SOx exhaust gas cleaning systems (scrubbers) to 10 ro-pax ferries, 17 conro vessels, 11 ro-ro vessels and 6 vehicle carriers” for a ‘total of 44 vessels’, the Luxembourg-lender reports. The request is ‘under appraisal’.
As for the objectives of Grimaldi’s plan, EIB explains that “the aim is to ensure that the promoter’s vessels comply with IMO, International Labour Organisation (ILO) and EU regulations governing the cleaning of exhaust gas emissions. The vessels concerned by this project will be outfitted with wet exhaust gas cleaning systems designed to remove harmful sulphur and exhaust particulates from the vessels engine emissions. The resulting emissions will meet future, more stringent international regulations and as such the project will contribute to a significant improvement of the environmental performance of the fleet”.
Grimaldi Group controlled Finnlines also received €50m from the EIB for installing 22 scrubbers on its fleet of ferries.