The capital will go towards funding the firm`s new 100-billion drachma business plan, including downpayment on vessels being built at Greece`s Skaramanga shipyards for its Blue Star Ferries arm. Strintzis will spend 2.5 billion drachmas on the Chios and Mykonos ferries and another 2.5 billion drachmas for the Santorini while 18 billion drachmas is to be set aside for the purchase of more new vessels.
The company has already applied for permits to sail the following routes:
Patras-Zakynthos and Patras-Cephalonia.
Strintzis will issue eight new shares for every 10 old shares at the cost of 900 drachmas each.
Director Gerasimos Strintzis referred to company plans for the buyout of other similar firms.
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