Minoan Lines - Ships Nostalgia
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Minoan Lines

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Old 14th September 2009, 07:27
znord737 znord737 is offline  
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Minoan Lines

I note from a recent Brochure obtained from Minoan Lines that the have been taken over by the Italian Company "Grimaldi Lines".

Dont recollect reading or hearing on the media that Minoan Lines were in Financial trouble.

Znord737
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Old 14th September 2009, 12:32
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exsailor exsailor is offline  
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Aquisition was by way of a share buy-up as a 'strategic move' by Grimaldi, as opposed to a financial bail-out. Seems Grimaldi have been gradually buying shares for some time.
See http://www.ase.gr/content/en/Announc...press_id=83862

Dennis.
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