Attica Group: Announced the merger with ANEK Lines to the Athens Stock Market

By | 2022 Newsletter week 38 | No Comments

According to an official Attica Group press release (in Greek) the deal contains:

  • The merger with the absorption of ANEK Lines by Attica Group with an exchange of one common or preferred share of ANEK for 0,1217 new common registered shares of Attica Group and
  • the payment of EUR 80 million for full and complete repayment of ANEK Line’s loan to its creditors from the consolidated scheme which will be formed on the date of the completion of the merger.

The agreement was sent on Tuesday 20 September 2022 by the legal advisors to be signed by the representatives of the contracting parties.

The Boards of Directors of both companies will be convened in accordance with the law and decide on the initiation and individual parameters of the merger process.

Attica Group points out at its press release that:  “We estimate that the specific agreement will benefit the shareholders, the employees and the suppliers of both companies as well as the Hellenic Coastal Shipping.”

Cross-border merger leads to new European top-10-player

By | 2017 Newsletter week 50 | No Comments

Port of Ghent (Belgium) and Zeeland Seaports (The Netherlands) merged into North Sea Port.
The merger agreement between Zeeland Seaports and Ghent Port Company was signed on Friday 8 December. All eight shareholders of both ports agreed with the merger in recent weeks. The signing took place on a ship that symbolically sailed from Ghent across the Dutch border in the direction of Terneuzen. The name of the cross-border merger port will be North Sea Port. This merger port represents the 60-kilometre-long cross-border port area of Flushing (Vlissingen), Borsele and Terneuzen in the Netherlands up to Ghent in Belgium.

Photo: Mike Louagie