Onex

Attica Group and ONEX Group signed on Friday a memorandum of cooperation (MoC) for the green transition of Attica Group's ferry fleet and potential contributions by ONEX's subsidiary companies at the Elefsina and Syros island shipyards, worth one billion euros.

On Monday Scott Nathan, the CEO of the US International Development Finance Corporation, or the DFC,  signed a financing agreement for a $125 million loan to ONEX Elefsis Shipyards and Industries to rehabilitate and modernize the Elefsina shipyard near Athens.

A financial agreement for a $125 million loan to ONEX Elefsis Shipyard and Industries (ONEX) was signed by the US International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan on Monday to rehabilitate and modernize the Elefsina shipyard near Athens.

Labor Minister Adonis Georgiadis announced on Saturday that ONEX Shipyards and the US International Development Finance Corporation (DFCgov) will formally sign their agreement for the funding of the streamlining plan of Elefsis Shipyards with over $100 million on Monday, in Elefsina.

"The renaissance of the shipbuilding industry in Greece is now a reality," he said. 

The US Congress has approved financing through borrowing for ONEX Shipyards to carry out the consolidation plan for Elefsis Shipyards.

The US International Development Finance Corporation (DFC), America's development bank, will provide the amount of $125 million.

This financing will be the first so far from DFC for Greece.

The US International Development Finance Corporation's (DFC) participation in Elefsis Shipyards is currently at $125 million, Development and Investment Minister Adonis Georgiadis said this week.

ΟΝΕΧ will distribute 1.8 million euros as financial support to workers at Elefsis Shipyards ahead of the Easter holidays, covering 30% of the previous ownership's debt to workers, Chairman and CEO Panos Xenocostas said in a letter.

The payment will be made on Friday and will vary from €600 to €7,000, depending on the previous debt.

ΟΝΕΧ will distribute 1.8 million euros as financial support to workers in Elefsis Shipyards ahead of the Easter holidays, covering 30% of the previous ownership's debt to workers, Chairman and CEO Panos Xenocostas said in a letter.

US investment firm Chatsworth Securities LLC has agreed with Onex Elefsis Shipyards LLC to participate in an investment of up to $400 million euros over the course of 15 years in the shipyards of Elefsina, western Attica, as part of efforts to save the complex from bankruptcy.

A court on Syros has finally ratified the streamlining plan for the Neorion Shipyard in Ermoupoli, the capital of the Cyclades. The verdict means the historic company is now officially under the control of Onex Syros Shipyards, owned by Greek American Panos Xenokostas.