Greek government estimates that the agreement will provide a sustainable solution to the huge problem of the accumulated debts of the Elefsina Shipyards, while a strong vote of confidence in the agreement and the prospects of the Elefsina Shipyards is the decision to financially support the project by the American Development Bank (DFC).
The strategic agreements secured by the ONEX Shipyards & Technologies group, as well as the significant investments it will make in equipment, research and development, as it is claimed, will bring Elefsina Shipyards to the forefront of the shipbuilding sector, worldwide.
Core points in the agreement
Two new companies -"EMPORIKI" and "AMYNTIKI"- are created following the ratification of the consolidation agreement that will take over the transferred assets and liabilities of NVEE. In the commercial company (ONEX ELEFSIS Shipyards Industries) to which a significant part of the NBEE Assets will be transferred, it is expected that after the transfer, funds up to the total amount of €170,000,000 will be invested. The financing of ONEX Elefsis is based on DFC (102 million dollars) as well as equity capital of the ONEX group (€20-80 million), while it can be increased according to needs, in a second phase.
In the defense company (ONEX ELEFSIS Naval Maritime), the activity to be developed will concern the construction of warships and other floating shipyards, both on behalf of the domestic defense industry and abroad. Financing will be provided by Fincantieri, Italian financial institutions and ONEX with whatever capital is required to ensure the smooth execution of the company's programs.
Find out more in the Ministry's official page.
