The Grimaldi-controlled company is targeting EUR 30.6m ($42m)from the sale of 13.6 million new shares to existing investors at EUR 2.25apiece, it told the Athens Stock Exchange today.
Shareholders will vote on the board’s proposal at anextraordinary general meeting on 31 January.
That appears a formality with Grimaldi holding just under 95% of the outstanding shares in the company.
Minoan’s financial fortunes have improved considerably overthe past year.
It
