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50 percent of GA Ferries sold

Minoan<.> Flying Dolphins recently announced an agreement has been struck for the acquisition of…

Minoan<.> Flying Dolphins recently announced an agreement has been struck for the acquisition of 46 percent of the shares in GA Ferries.

GA Ferries is the owner of eight shipping firms headed by shipowner Gerasimos Agoudimos, six of which operate ferries under the GA flag.

GA Ferries will continue using the GA name in its business activities and aim to meet the country`s needs in sea travel while taking advantage of business prospects opening up not only within Greece but around the world.

GA Ferries is set to purchase a high-speed monohull vessel, which should be delivered by the start of spring, along with a newly-built ship measuring 160m in length.

The firm, which also plans on entering the Athens stock exchange, owns the F/B Milena, Daliana, Romilda, Dimitroula, Marina and Rodanthi.

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