Minoan Continuing "Constructive" Talks Over Loan Extension

Thu, 09th Apr 2020 11:51

(Alliance News) - Minoan Group PLC, a holiday resort developer in Crete, Greece, on Thursday confirmed that "constructive dialogue" is continuing with lenders in regards to extension or settlement and restatement of a GBP1.1 million loan.

The loan matures on Thursday and the company believes that it will be able to resolve "this matter in the near future".

Shares in the company were up 25% at 1.50 pence each in London.

By Tapan Panchal; tapanpanchal@alliancenews.com

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