OBS_VALUE: No special reference to cross-border M&As have been found in the relevant legislation for Greek Maritime Company (GMC) -Naftiki Eteria or NE. However, in principle, non EU or EEA Member State nationals may become shareholders or acquire rights in rem in the shares of a GMC for less than 50%. Since a maximum of 49% of the shares can be acquired by foreigners, a Greek GMC can be not merged or acquired by a foreign company. Law 4548/2018 (Article 130) defines quorum as 1/2 of shareholders for the decision on a change in the nationality of the company.As regards the Greek Maritime Company legal status in terms of acquiring shares, more than 50% for non EU or EEA Member State nationals, is for reasons as referred to article 10, par. 4 of Law 959/1979.