Greek ferry services provider in the Eastern Mediterranean Sea, Attica Group, denies reports that it is discussing a partnership with businessman Ioannis Grylos.

The “establishment of a strategic partnership with the group of businessman Ioannis Grylos who controls the airline company SKY Express”, does not exist nor is it a subject of negotiation, states the Greek company Attica Group.

In a relevant announcement, Attica Group clarified that there are no discussions for strategic cooperation with the group of businessman Ioannis Grylos, following a request from the Capital Market Commission in connection with a publication of the electronic press.

Meanwhile the Greek shipowner revealed recently that it has reached a binding agreement with Stena Line Holding BV, for the sale of its stake in Africa Morocco Link (AML).

The agreement concerns the 49% shareholding stake of Attica Group in AML, as well as the two vessels Morocco Star and Highspeed 3, owned by subsidiaries of Attica Group and which are related to the specific operation.

The total consideration amounts to €49m while the net profit is expected to exceed €21m and will be included in the Group’s financial results upon completion of the transaction.

AML was founded in 2016 by Attica Group and Bank of Africa, οne of the largest bank institutions in Morocco. Shortly after its foundation, AML managed to be established as one of the most prominent players in its market.

As the company said in its announcement on April 8, the agreement is subject to finalisation of the transaction contractual documents, as well as to the approval of the Moroccan Competition Commission.