Emanuele Grimaldi-controlled Minoan Lines has raised its offer to Hellenic Seaways (HSW) shareholders as it gears up its effort to take control of Greece’s biggest ferry company.
Minoan said it will keep buying shares at EUR 4 ($4.5) each, which is four times the HSW book share value.
The Crete-based company currently owns a 47.4% stake in HSW and it called upon shareholders to back the company’s takeover effort in a general meeting, to be held next Wednesday.
As
