Greek shipping tycoon freed by kidnappers

January 20th, 2009 - 3:38 pm ICT by IANS  

Athens, Jan 20 (DPA) Greek shipping magnate Pericles Panagopoulos was freed unharmed by his abductors after a ransom was apparently paid, according to media reports early Tuesday in Greece.The amount of the ransom was not known.

Panagopoulos, 74, founder of Greek ferry operator Superfast Ferries, was abducted Jan 12 by three men carrying Kalashnikov assault rifles as he was being driven to work. The chauffeur was quickly released and reported the kidnapping to the police.

His case was Greece’s third kidnapping of a prominent businessman in the last six months.

Last year, Panagopoulos sold his shipping company for about 250 million euros ($325 million).

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