Takeover

Shareholders of troubled passenger shipping company ANEK have benefited greatly over the past year from the plans by Attica, Greece's largest passenger shipper, to take over the company. 

The Competition Commission has unanimously approved the takeover of troubled ferry company ANEK Lines by Attica Group.

Attica Group will take on some €80 million in ANEK debt and will give the Cretan company's shareholders shares equal to an 11.5% stake in the group. After deliberating for 10 months, the commission decided that ANEK is a failing company.

Musk has been seeking a takeover of the social media platform since he acquired 9 percent of its shares this month

Twitter's board of directors has unanimously adopted a "poison pill" defense in response to Tesla CEO Elon Musk's proposal to buy the company for more than $43 billion and take it private.

Turkish businessman and media owner Acun Ilıcalı is buying Hull City, an English professional football club, for a fee believed to be around 30 million British pounds and the final process in the takeover is about to end.

Greece is one of the key markets for the Ergo Group, according to its chairman, Dr Markus Riess, who stresses that Ergo is one of the few insurance groups that has invested in Greece during the crisis.

Greek fish farming is about to enter a new era as the winning bidder for the takeover of local companies Selonda and Nireus is set to be announced on Thursday or Friday.

Bulgaria has arrested Nedko Nedev, who is wanted in the US over charges of launching fake takeover bids to drive up company share prices, including Avon and Rocky Mountain.