Ex-Glencore trader Aristotelis (Telis) Mistakidis has acquired an initial stake in Aegean Baltic Bank (ABBank), a Greek shipping lender he is poised to assume control of.
The billionaire investor has taken a 5% stake in the firm, the majority of which he agreed to buy earlier this year, market sources tell TradeWinds.
The larger transaction, which will see Mistakidis increase his holding to 48% and then to a controlling stake in the wake of a share capital increase, is still on course awaiting regulatory approval.
