NEL buys 70% of Med Link Lines

Greek firm Lesvos Maritime Company (NEL<.>) has finalised its acquisition of a 70% stake in Med Link Lines, at a cost of 4.5 billion drachmas.



Med Link Lines` headquarters will be transferred to Mytilini (Lesvos) while the board of directors will comprise seven members representing both companies.



Med Link Lines recorded 5.5 billion drachmas in turnover for January-November 2000 while profits reached 606 million drachmas.



The firm operates the `Maria G` (built 1976), the `Afrodite 2` (1968) and the `Agios Andreas` (1970), which have all been renovated and service the Patras-Igoumenitsa-Brindisi and Bridisi-Tsesme routes.

Theodore Koumelis

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Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.

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