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Ἄστακος). A celebrated city of Bithynia, on the Sinus Astacenus, a bay of the Propontis, was a colony from Megara, but afterwards received fresh colonists from Athens, who called the place Olbia. It was destroyed by Lysimachus, but was rebuilt on a neighbouring site by Nicomedes I., who named his new city Nicomedia.

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