Sea Star Capital, a Cyprus-listed shipping vehicle associated with Anek Lines managing director Ioannis Vardinoyannis, has banked more than €50m after swapping a recently acquired stake in Cretan ferry company Minoan Lines for Grimaldi Group’s shareholding in Anek, also based in Crete.
According to stock exchange filings, Sea Star has agreed to sell a 27% chunk of Minoan for €100.2m ($147.3m) to Grimaldi affiliate Atlantica SpA di Navagazione, while Sea Star increases its stake...
Grimaldi swaps Anek shares for Minoan stake
Fri 25 Jan, 2008
| Posted in: Industry News
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