Attica Group, ONEX Group sign MoU worth 1 bln euros

Greek Attica Group and ONEX Group signed on Friday a Memorandum of Understanding (MoU) at the ministry of development, amounting to 1 billion euros, focusing on the renewal of Attica´s Group fleet in the Elefsina and Syros shipyards.

The cooperation memorandum was signed by the president and CEO of ONEX, Panos Xenokostas, and the president of Attica Group, Kyriakos Mageira. The deal was welcomed by all the Greek shipping community and the Piraeus Chamber of Commerce & Industry (PCCI).

This is a “mega deal” that marks the start of the modernization of the Greek shipping fleet.

The collaboration between Attica and ONEX will last for 10 years and includes both repair work and retrofit work, with the aim of upgrading the energy of the ships. However, what is particularly important is that the agreement concerns the construction of new ships in shipyards in Greece.

Panos Xenokostas underlined, among other things, that other similar agreements are coming, while he noted that, now, the shipyards of Elefsina and Syros have become synonymous with timely delivery.

The president of Attica Group, Kyriakos Mageiras, noted that the group decided to participate in the “fight for the revival” of the shipbuilding industry in our country.

It should be noted that the government plan for the rehabilitation of the Elefsina Shipyards, with their transfer to the ONEX group, was officially approved by the European Commission.

As is well known, the shipyard workers themselves, banking institutions and the Greek government had agreed on the successful conclusion of the project.

Following this, the execution of the Attica Group fleet modernization program, for the upgrade of 45 ships, will have a “Greek sign”, in accordance with the new environmental requirements of European and International Legislation.

Finally, the president of Piraeus Chamber of Commerce & Industry (PCCI) Vassilis Korkidis, stated that, “it is a day of vindication of the efforts of all those who believed in the revival of the shipyards, since a new page begins for the shipbuilding industry and the renewal of the Greek shipping fleet, within our country by an experienced workforce with specialized skills.”