Sale of the 49% stake in Africa Morocco Hyperlinks (AML) and of the 2 vessels, Morocco Star and Highspeed 3.
Attica Holdings S.A. publicizes that it has reached a binding settlement with Stena Line Holding BV, for the sale of its stake in Africa Morocco Hyperlink (AML). The settlement considerations the 49% shareholding stake of Attica Group in AML, in addition to the 2 vessels Morocco Star and Highspeed 3, owned by subsidiaries of Attica Group and that are associated to the precise operation.
The whole consideration quantities to 49m euros whereas the web revenue is predicted to exceed 21m euros and will probably be included within the Group’s monetary outcomes upon completion of the transaction.
AML was based in 2016 by Attica Group and Financial institution of Africa, οne of the biggest financial institution establishments in Morocco. Shortly after its basis, AML managed to be established as one of the crucial distinguished gamers in its market.
The CEO of Attica Group, Panos Dikaios, acknowledged: “The settlement for the sale of our operation in Morocco, is throughout the context of our strategic planning for reallocation of our assets in the direction of our core enterprise in view of our steady investments for fleet renewal and inexperienced transition.The transaction value portrays the profitable completion of this enterprise enterprise and crystalizes the worth accretion for our Group”.
The settlement is topic to finalisation of the transaction contractual paperwork, in addition to to the approval of the Moroccan Competitors Fee.
Vicky is the co-founder of TravelDailyNews Media Community the place she is the Editor-in Chief. She can be liable for the each day operation and the monetary coverage. She holds a Bachelor’s diploma in Tourism Enterprise Administration from the Technical College of Athens and a Grasp in Enterprise Administration (MBA) from the College of Wales.
She has a few years of each educational and industrial expertise throughout the journey trade. She has written/edited quite a few articles in varied tourism magazines.
