This pioneering initiative forms part of Piraeus Bank’s continued commitment to the shipping community, through investment of international capital into existing opportunities and new financing to the shipping industry,

...the Bank explained in an official statement.

Houlihan Lokey is acting as Piraeus Bank’s strategic and financial advisor for this process.

Piraeus Bank has not set a timeline for this process and there can be no assurance that a transaction will be entered into or consummated or, if a transaction is undertaken, as to its terms, structure and timing.

The Bank said it will disclose more information on facts or circumstances, in accordance with applicable legislation.