Minoan Group plc

Minoan Group plc is a Surrey-based company whose shares are listed on the AIM (alternative investment market) section of the London Stock Exchange.

Minoan Group plc
Public limited company
Traded asAIM: MIN

The Executive Chairman, Christopher W Egleton, joined the company in 1995. Grahame Cook, Barry Bartman and Timothy Hill all serve as non-executive directors. On 10 October 2018 the company sold the Travel side of the operation to Brooklyn Travel, and now focuses its attention on the development of their Greek assets.

Itanos Gaia 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 Approval for a 7,000-bed development was given in 2007, but was revoked in 2010.[1]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 11 March 2016. In June 2017 the Greek government, by presidential decree, made a final dismissal of all objections, thereby permitting the project to proceed.[2]

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.[3][4][5]

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References
  1. http://www.minoangroup.com/crete/
  2. "Investors snub £1m Minoan share offer". Sunday Herald. 21 December 2017.
  3. Financial Times, 11 March 2016
  4. Greek saga has happy ending for Scottish travel business after profits hit by services dispute, The Herald, 1 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 1 April 2016
  5. Minoan advances its Greek project, The Times, 1 April 2016 http://www.thetimes.co.uk/tto/business/industries/leisure/article4725698.ece Retrieved 4 April 2016
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