The sale of Attica Group's 49% stake in the share capital of Africa Morroco, as well as the sale of two ships, was completed.

In particular, the transfer of the 49% shareholding in Africa Morroco Links (AML) and the sale of the vessels Morocco Star and Morocco Express 1 (ex. Highspeed 3) was completed. The total consideration of the transaction amounted to €49 million and the net profit is estimated at €24 million.

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.

The CEO of Attica Group, Panos Dikaios, stated: “The agreement for the sale of our operation in Morocco, is within the context of our strategic planning for reallocation of our resources towards our core business in view of our continuous investments for fleet renewal and green transition.The transaction price portrays the successful completion of this business venture and crystalizes the value accretion for our Group”.