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Anek lines targets $127m share offering

Date: 08 Sep 2006 00:00 Source: Lloyds List

Crete based ferry operator Anek Lines has notified the Athens Stock Exchange that it plans to raise E100m ($127m) in a share capital increase.

Management will seek the support of shareholders for the move at a stockholders’ meeting to be held “within the next two months”, Anek chief executive Ioannis Vardinoyiannis told Lloyd’s List.

The company, which currently owns and operates a fleet of 10 ro-ro passenger ferries in the Aegean and the Adriatic, has not raised equity on the stock market for more than five years, partly due to a long depressed spell endured by the Greek bourse.

Mr Vardonoyiannis said that if the plan is approved the new capital will be for “growth” in the shipping field, but he said he would not offer further details of plans until next week at the earliest.

The funds “will not just be for cash flow or general purposes”, however, he said.

Anek has just reported a 17.6% increase in revenues to E102.8m during the first half of 2006.

But it managed to reduce group losses only slightly – to E6.7m compared with E6.9m in the first half of 2005.

More Ferry News from directferries.co.uk

Up to 8 days in France from £175 return
Date: 18 May 2012 Source: Brittany Ferries

Travel to France this Summer with Brittany Ferries by car with an additional passenger from just £175 return or from £87.50 return if you travel by motorbike (rider and pillion).

New France - Morocco services now live!
Date: 14 May 2012 Source: Grandi Navi Veloci

Italian ferry giant Grandi Navi Veloci have opened 2 new services connecting France with Morocco.

Up to 2 days in France via Cherbourg from £99 return
Date: 08 May 2012 Source: Brittany Ferries

Spend up to 2 days in France from just £99 return when you travel with Brittany Ferries by car and take an additional passenger or from £49.50 if you travel by motorbike (rider and pillion).

New Corsica Sardinia Ferries onboard guides available
Date: 05 May 2012 Source: Corsica Sardinia Ferries

If you're planning on travelling to Corsica, Sardinia or Elba this Summer with Corsica Sardinia Ferries then take a look at our new ship guides and find out what it's like onboard before you travel!

Super low fares to Dunkirk and Calais with DFDS Seaways!
Date: 01 May 2012 Source: DFDS Seaways

Take your car by ferry to France with DFDS Seaways from Dover to Dunkirk or Calais from just £19 return.

Dover to Calais with P&O Ferries from £49 return
Date: 01 May 2012 Source: P&O Ferries

Spend up to 5 days abroad and pay just £49 return when you travel from Dover to Calais with P&O Ferries.

New Toremar services to Italian islands available
Date: 30 April 2012 Source: Toremar

Italian ferry operator Toremar is now available to be booked online across the direct ferries network.

Up to £50 discount on Northern Ireland Ferries with P&O Ferries
Date: 25 April 2012 Source: P&O Irish Sea

Take your car on the ferry between Scotland and Northern Ireland with P&O Ferries and take a second passenger for FREE – a saving of up to £50 on a return crossing!

Up to £50 discount to Northern Ireland with Stena Line
Date: 18 April 2012 Source: Stena Line

Take your car on any ferry to Northern Ireland or Ireland with Stena Line and take a second passenger for FREE – a saving of up to £50 on a return crossing!

Late spring sale from Irish Ferries - up to 30% off!
Date: 16 April 2012 Source: Irish Ferries

You can now save up to 30% when you take the ferry to Ireland between Monday and Thursday in April and May with Irish Ferries.

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