Nigel Lowry - Friday 27 November 2009
SALE of its stake in rival ferry company Hellenic Seaways has bolstered the nine-month results of Crete based Minoan Lines, which since 2008 has been an affiliate of Grimaldi Naples.
Minoan pocketed €125m ($187m) from the sale of its 33.3% stake in domestic operator Hellenic although this will be paid in tranches by 2012.
The company’...
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