MIG negotiations with Fortress fund over Attica Group sale close without deal

Negotiations during the past year between the MIG investment fund and Fortress over the sale of a controlling stake in Attica Group, a major coastal shipping operator in Greece owned by the former, have concluded without an agreement, Greek newspaper Naftemporiki reports. By all accounts, MIG will proceed with a tender process to sell the ferry boat operator, similar to the one employed to sell-off the Hygeia hospital and affiliated facilities in Athens, a transaction that yielded 204.4 million euros for MIG. The sale's proceeds will reportedly be used to reduce MIG's bank borrowing. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons Copyright: Jebulon License: CC-BY-SA