Greek ferry operator Attica Enterprises received shareholder approval last Thursday for a one-for-10 bonus share issue and a one-for-10 rights issue at 3,200 drachmas a share. The company will raise a total of $219 million from the rights issue and a private placement
of 13.35 million shares with
new investors and staff.
Proceeds will be used to finance the investment program of the company and its subsidiaries.