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Minoan raises funds for acquisitions
Glasgow-based Minoan Group has secured £1.5 million in additional funding to help with acquisitions and general working capital.
Monian, parent of Stewart Travel and other travel companies, has agreed to issue three-year unsecured convertible loan notes up to a maximum amount of £1.5 million
In an announcement this morning, the group also said it has ‘become aware of articles overnight in the Greek media’ reporting it has received a key approval for its planned five-star resort development in Crete.
"The company will provide further information once the official announcement has been received and translated," it said.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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