Competitive Bidding for Hellenic Seaway Shares

Bid proposals for Minoan Lines’ 33.3 percent share in Hellenic Seaways (HSW) were the buzz on the coastal shipping market last month. Proposals have been submitted by ship-owner Panos Laskaridis (Laskaridis Group) who already controls 17 percent of HSW, Apostolos Ventouris of Nel Lines, and Anek Lines. At press time, Minoan was still in the process of reviewing the offers. So far the highest offer has been made by Nel Lines at 3.5 euro per share for the 25 million shares up for sale. Anek Lines officially announced that it is prepared to pay 3.2 euro per share, while the Laskaridis Group has offered 2.95 euro per share.

Meanwhile, the general assemblies planned by both Anek and Nel Lines to increase their share capital were postponed.