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Onassis Loses Huge Contract in Greek dispute
Athens reports government canceled a 400 million deal with Aristotle Onassis for a refinery stake, awarding the rights to rival Stavros Niarchos amid a broader feud between the two shipowners. Niarchos counteroffers with a 500 million investment package and a 150 million guarantee, tying terms to a rail of long-term loans. The maneuver follows a long rivalry dating back to the Livanos sisters and earlier industrial coups.
MENTIONED IN THIS ARTICLE
Athens
Aristotle Onassis
Stavros Niarchos
Greece
Niarchos
Onassis
Jacqueline Kennedy
Livanos
Stavros Livanos
Miarchos
Olympic Airways
Sayonic Gulf
Christina