Attica Gets OK For Shares Issue

Thursday, October 14, 1999

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.

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