Announced
Synopsis
The Minoan's Board announced it has entered into a conditional sale and purchase agreement with Zachary Asset Holdings for the disposal of the entire issued share capital of Stewart Travel Limited. The consideration for the sale of the Stewart Shares is £6,5m. The decision to dispose of the Group's Travel and Leisure division has been taken in order to substantially reduce the company's debt. Following Completion the Company will still owe c. £900,000 to ZAH.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.