Attica Group acquires the minorities of Blue Star Maritime S.A.

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

28 Feb 2008

In a decision more or less expected, the two shipping ventures of M.I.G. (Marfin Investment Group), which were acquired just a few months ago, are about to merge into one unified RO/RO and passenger shipping company, with presence both in the local, as well as the coastal shipping sector. According to the announcement published yesterday, ''the Board of Directors of Attica Group wish to announce, pursuant to the provisions of Law 3340/05, article 2 of decision 3/347/05 of the Capital Markets Commission and article 281 of the Athens Exchange Regulations, its decision, taken at the meeting of 26th February, 2008, to merge by absorption the Athens Exchange listed company Blue Star Maritime S.A. by Attica Group, as per provisions of articles 69-77a of Common Law 2190/20, of articles 1 to 5 of Law 2166/1993 and other provisions of commercial law as applicable.It was also decided that the Transformation Balance Sheet date will be no later than 30th June, 2008. A further announcement will follow in due course with the final date of the Transformation Balance Sheet and the Board's proposal for the share exchange ratio''.Attica Group is the parent company of the Superfast Ferries fleet and the Blue Star Ferries fleet. The group's ships operate in domestic and international waters, offering connections between Greece and Italy in the Adriatic Sea, between Scotland and Belgium in the North Sea and between mainland Greece and the Cycladic and Dodecanese Islands.