Minoan Group Plc

Minoan Group Plc
Public limited company
Traded as LSE: MIN

Minoan Group Plc is a Glasgow-based travel and leisure company. Its shares are listed on the AIM section of the London Stock Exchange.

The Executive Chairman, Christopher W Egleton, joined the company in 1995. Duncan Wilson has served as Managing Director since 2009.

Its subsidiaries include Stewart Travel.

Cavo Sidero project

In 1991, Minoan applied for a permit to build a luxury hotel resort on the Cavo Sidero peninsula on the north-eastern coast of Crete. Approval for a 7,000-bed development was given in 2007, but was revoked in 2010.[1]

Permission for a reduced 2,000-bed development was eventually granted, twenty-five years after the initial application, by the Greek government and the Greek president Prokopis Pavlopoulos, being announced on the 11th of March 2016. The 6,000-acre project, named Itanos Gaia, is expected to lead to a site also including spas, a golf course and a natural history museum.[2][3][4]

References

  1. ↑ http://www.minoangroup.com/crete/
  2. ↑ Financial Times, 11th March 2016
  3. ↑ Greek saga has happy ending for Scottish travel business after profits hit by services dispute, The Herald, 1st April 2016 http://www.heraldscotland.com/business/company_news/14396850.Greek_saga_has_happy_ending_for_Scottish_travel_business_after_profits_hit_by_services_dispute/?ref=rss Retrieved 1st April 2016
  4. ↑ Minoan advances its Greek project, The Times, 1st April 2016 http://www.thetimes.co.uk/tto/business/industries/leisure/article4725698.ece Retrieved 4th April 2016
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