It was approved on Friday afternoon at a resumed extraordinary general meeting of shareholders. MOMENT agreement of the board of directors with STRIKS Holdings. Under this agreement, STRIX’s $443 million receivable to MIG is transferred to a listed company in exchange for a distribution of its shares. Attica Group are owned by MIG and correspond to 79.38% of the registered capital of the shipping company. The resumption of the general meeting after an adjournment requested by the shipowner Marios Iliopoulos, who had acquired a minority stake in MIG, was made possible by the rejection of an application for a temporary injunction, which he requested from a single court of First Instance of Athens against the consent of MIG’s board of directors.

Except Piraeus BankMIG’s main shareholder, has now acquired over 54% of MIG’s share capital, and the public offering of the remaining shares will be completed on April 7, and in any case will be able to make decisions on its own in the future, as it is expected to easily exceed 67%.

The path is open to finance an investment plan for the next years for Attica Group.

The agreement between MIG and STRIX is important because it accomplishes four things: Firstlyfully deleveraging MIG’s balance sheet, which, according to its new business plan, will now act as registered investment capital to create value for its shareholders. SecondlyAttica Group is acquiring an independent debt-free shareholder, allowing it to fund an investment plan for the coming years that will see its coastal fleet drastically reduce carbon emissions in line with international regulations. Thirdly, paves the way for the completion of the takeover of ANEK by Attica, creating one of the largest shipping groups in the world. Fourth, it creates value for the shareholders of Piraeus Bank, which owns stakes in ANEK and Attica, as well as in MIG and STRIX. With regard to Attica’s ownership status, going forward, it should be recalled that, as reported by Attica Group’s Executive Chairman, Kyriakos Mageiras, in “K” On the previous Sunday, the company will remain listed on the Greek stock exchange. In addition, its shareholders have agreed that, in the future, the general Greek investment community will be given the opportunity to participate in the company’s success story through the stock exchange.

It is expected that in the next period and in any case after the completion of Piraeus’ public offering of MIG shares, the completion of the transaction between MIG and STRIX is expected to continue. At the same time, the Competition Commission is currently studying the agreement on the takeover of ANEK by Attica and it is possible that the completion of the merger will continue before the start of the main summer season. It is worth noting that the takeover of ANEK by Attica will create, according to the independent consulting company Shippax, a shipping group that will become the second largest in the world in terms of passenger traffic, fifth in the number of garage kilometers and fifth in total tonnage. Moreover, that is, before the merger with ANEK, both in terms of the agreement between STRIX and MIG and in terms of stock market valuation, the shipping company is valued at more than one billion in terms of enterprise value (EV).