Minoan Takeover Rumours (MIN)


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I won't pretend (for many and obvious reasons) that I would prefer anyone but a Saudi linked takeover of MIn's assets. But it's clear from the Newcastle United takeover the regime hierarchy like 'trophy' assets. 'Trophy' is probably the wrong word for Newcastle! I suspect a luxury development project in an idyllic location with a Saudi friendly Govt is something that would appeal and fits into their category list of sought after investments. I believe former notifiable holder, Mdvorkin, used to regularly highlight Saudi interest. No idea how accurate that was then but it would make sense and, given the favourable Greek political climate to overseas investments, now more so than before.
The big Greek hotel rush is on https://www.ekathimerini.com/economy/1165483/the-big-greek-hotel-rush-is-on/ Property market officials and hospitality consultants anticipate a resurgence in investment activity in hotel properties over the second half of 2021. The low financial costs, the large volume of available liquidity and the profusion of investment funds seeking high returns and investment opportunities paint a particularly favorable picture for those expecting a significant increase in investments. Some significant moves have already been noted in the first half of 2021. For example, Hotel Investment Partners (HIP), a member of the Blackstone investment group and one of the biggest hotel unit owners in southern Europe, recently struck a deal for the takeover of the Elounda Blu hotel from Ledra Hotels & Villas.
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