Minoan Lines managing director Antonis Maniadakis on Thursday called on Hellenic Seaways (HSW) shareholders to support a public offering by his company, ahead of a HSW general assembly of shareholders on June 15.
Minoan’s current stake in HSW’s share capital totals 47.40 percent.
The Crete-based ferry boat operator has rivaled Italy-based Grimaldi for control of HSW.
According to reports, Minoan has been buying HSW shares at 4 euros each, a sum that is four times the going rate of the stock.
