The transaction's completion is estimated to take place within the first quarter of 2023.
The proposal to Marfin Investment Group includes the purchase of the company's common debentures in exchange for the acquisition of 79.38% of Attica Group's shares by Strix Holdings.
These are MIG's joint bond loan from 5/14/2021, with a current outstanding balance of 282.9 million euros, and MIG's bond loan from 7/31/2017, with an outstanding balance of 160.8 million euros.
In the event that the relevant proposal is accepted by the financial advisor and the general meeting of MIG shareholders, Strix Holdings will make a full repayment of MIG's borrowing amounting to EUR 443.8 million, while acquiring the majority of its shares Attica Group.
It is noted that Strix Holdings, which already owns 11.8437% of the total voting rights of Attica Group, with the acquisition of 79.38% of the group's shares will become dominant in the country's largest shipping company.
The company's share on the Athens Stock Exchange in the last trading sessions remained locked with a limit up, receiving a strong boost from the recent deal of Piraeus with mig.
In Thursday's session, the stock was increased by 9.78% and reached €1.965, its highest recorded level since 2009.
