Billionaire investor Aristotelis (Telis) Mistakidis has clinched a deal to become the biggest shareholder of small but expanding Greek shipping lender Aegean Baltic Bank (ABBank).
According to a report in the Greek newspaper Kathimerini, Glencore’s former top copper trader agreed on Friday to buy a 48% stake in the bank from the founding Afthonidis family, Greek shipowner John Coustas and other minority shareholders.
