ECONOMY

Minoan cancels sale of HSW stake

Coastal shipping firm Minoan Lines announced the cancellation of the sale of a 33.35 percent stake in Hellenic Seaways to rival ANEK as the latter has failed to pay the 25-million-euro installment agreed for 2010.

As a result, Iraklio-based Minoan is taking over again at Hellenic Seaways and is relaunching its bid to find a new buyer. However, this does not rule out a fresh agreement with Hania-based ANEK, owned by Yiannis Vardinoyiannis.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.