Billionaire investor Aristotelis Mistakidis on Thursday accomplished the monetary transaction to imagine management of Greece’s financial institution Aegean Baltic Financial institution from a bunch managed by shipowner Ioannis Koustas and minority shareholders.
The transaction valued the financial institution at 1.1 occasions its e-book worth. The household of founder and CEO Theodoros Afthonidis stays within the share capital of Aegean Baltic with a 27.5% stake.
Shipowner Nikolas Tsakos additionally stays within the share capital, with a smaller proportion. The Afthonidis household maintains the administration, with Tasos Afthonidis taking up.
