Attica Holdings S.A. (ATSE:ATTICA) agreed to acquire 48.53% stake in Hellenic Seaways Maritime S.A. from Minoan Lines Shipping S.A. (ATSE:MINOA) for €78.5 million on October 26, 2017. Under the terms of transaction, Attica Holdings S.A. will acquire 37,667,504 share of Hellenic Seaways Maritime S.A. from Minoan Lines. Upon completion of this transaction, and the acquisition announced as of August 11, 2017, for the acquisition of 50.3% stake, Attica will hold 98.83% stake in Hellenic Seaways Maritime.

The transaction is subject to customary conditions precedent, including the receipt of approvals from the competent authorities, as required. UBS Limited acted as financial advisor and M. & P. Bernitsas Law Offices acted as legal advisor to Attica Holdings S.A.