Minoan Group - MIN Stream Log

The British Minoan Group Plc expects within the month the presidential decree would allow it to proceed with the tourist complex development project area 25,000 acres in place Cape Iron Lasithi Crete. The total investment is estimated at 267.7 million. EUR. It is the work "Itanos Gaia" on five luxury hotels with a total capacity 1,936 beds and surrounded by golf courses. The next period is expected the "green light" from the CoE and for tourism development Kilada Hills budget 418 mil. EUR to be held in the Valley area of ​​the Municipality Ermionidas in an area of ​​2,000 acres. The project envisages the creation of hotel, holiday homes and golf course. The investment made by the Mindcompass Overseas, a subsidiary of Dolphin Capital Investors Ltd, which participates known US private equity Third Point. The Third Point also participates with about 40% and Energean Oil & Gas, which has ongoing investment program of 160 million. Euro in the Gulf of Kavala, targeting 30 million. Barrels of oil, which are confirmed deposits. Under this program purchased and drillship that will hold seven boreholes in Prinos, another seven to deposit Epsilon and once in the North Prinos. The company also progressing the research process in the areas of Ioannina and Katakolon, based on concessions approved in September by the House.

Tourism Returning again to tourism, noteworthy is the emerging new investment plan, according to information- preparing to submit to the Astir Palace, after the blockade of the CoE in the previous plan, the investment scheme in which it holds a 33.75% Turkish Dogus and smaller percentages the Abu Dhabi Investment Council, the state insurance fund of Kuwait and other Arab interests. The price for the Star recalled that 400 mil. EUR and the total investment amounts to the level of 700-800 million. Recall that Dogus went a few weeks ago and other investments in Greece. In particular, the Turkish group increased its shareholding in K & G Management Marinas Mediterranean SA Controls are the 90.37% of K & G, which holds 51% of the marina of Gouvia in Corfu, 27% of the marina of Lefkada, 23% of Zea and 60% of Kalamata marina. It also checks with the Lamda Development 50% of the marina Flisvos and participates in the competition of HRADF for granting marina Alimos supplied with shelters boats in Poros, Hydra and New Epidaurus. The contest is in its second phase. On the issue of ports certainly identified and the two most typical cases "persistent investors." This is the Chinese Cosco which claimed 67.7% of the share capital of PPA and the Danish Maersk which participates in the same competition and the corresponding to the port of Thessaloniki, where is the most prevalent contenders. Finally, still alive, according to sources TAIPED- and interest of Russian RZD and the American Watco Companies for TRAINOSE. It is worth noting that the Minister of Defence Mr. P. Glowing in 2 different reports at the end of the week he spoke of any concession agreements to private rail services, Thriasio and Piraeus Port.}

Thriasio, airports, gold The Cosco involved in the competition for the GAIAOSE Thriasio Freight Center, like Grivalia Properties, a major shareholder of which is the Canadian Fairfax Financial. Recall that the Fairfax acquired in Praktiker and to finance the acquisition of Makro by Sklavenitis. In the financial sector and in particular in front of the utilization of loan portfolios of Greek banks, stands and a few weeks ago an agreement between Piraeus Bank and US private equity Kohlberg, Kravis & Roberts. Determined to advance to the investment of 1.234 billion. Euro in 14 regional airports say the Germans of Fraport. For their part, Canadians of Eldorado Gold has invested more than 450 million. Dollars in Halkidiki, but patience is tested them ... Foreign investors who insist Greek are not limited to the above. But it should be clear that their patience is not inexhaustible. A discussion, for example, with leading diplomatic sources in Beijing sufficient to establish the truth.

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In the hands of CoE major tourist investment 267.7 million. EUR in Crete CRETE Published: 18.01.2015, 163 Updated: 01/18/2015, 16:46

To the State Council for review are for one week plans for a major tourism investment in Crete. This unit 'Itanos Gaia ", which will include five tourist villages in an area of ​​22,000 acres on Cape Iron Lasithi. The investment, which in the past "stuck" to the CoE, overcomes the legal and other obstacles of the past thanks to the new legislation of Environment and Tourism ministries that favor large tourist developments. The "Daily" today presented the key elements of the investment "Itanos Gaia", as derived from two sources: from the Strategic Environmental Impact Assessment (SEA) and the draft presidential decree approving the Special Plan of Spatial Development Strategy Investment (ESCHASE ) project. More specifically: The investment will take place in an area of ​​22.120 acres, which belongs to the Foundation Panagia Akrotiriani and has granted the company Loyalward Ltd. The scale consisted of seven lots that thanks to the new legislation are combined so that the building coefficients to calculate the total area and the regulation of land uses to be uniform.

I am told by sources in Greece that it still has to go through the Supreme Administrative Court before a Presidential decree can be signed which is a long process and with the Presidential elections in March 2015 it could be tight. Interesting announcement about Miles Away Travel. The Minoan financial statement refers to transaction values not turnover …a big difference. Is this the old game of spin, then raising new capital by issuing more shares to fund the UK travel business? Hope we don’t see the share price languish again until the next announcement?

here come the buyrs