Attica Holdings S.A. announces that it has contracted to sell its RoRo vessel Marin, built 1991, trading between Greece and Italy for a total cash consideration of Euro 8,450,000. The delivery of the vessel and final payment will take place in February 2008.
At the time of conclusion of the transaction, Attica Group is expected to book capital gains of approximately Euro 2.2mln.
The Group's cash balances are expected to increase by approximately Euro 5.8mln after the repayment of the ship's debt of Euro 2.3mln and payment of various expenses related to the transaction.
The Board of Directors
Voula, 4 January 2008
For more information please contact:
Attica Group Mr. Yannis Criticos
tel.: +30 210 891 9500
fax : +30 210 891 9509,
e-mail: ir@attica-group.com
www.attica-group.com
www.superfast.com
www.bluestarferries.com