Independent journal on economy and transport policy
14:51 GMT+1
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Minoan Lines program an increase of capital of about 30,6 million euros
Convened extraordinary assembly in order on 31 January
January 10, 2014
Today the board of directors of the Greek Minoan Lines, company of navigation of the Neapolitan shipowning group Grimaldi, has deliberated to convene for next 31 January an extraordinary assembly of the shareholders in order to launch a vital increase of pairs to about 30,6 million euros through the new emission 13,6 million common stocks distributed to the shareholders through the exercise of their preemptive right.
Although the been extended bound together economic recession to the elevated level of the prices of the fuel - Minoan Lines has explained - the financial results of the company anticipate improvements and the capital increase will improve the capital structure of the company ulteriorly. The Grimaldi group, that it stops 92% about of the capital of Minoan Lines, has specified to have the intention of participate to the increase of capital in proportional way in the imprisoned participation.
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