Completion of Acquisition of Martin Singer Travel

RNS Number : 5726I

Minoan Group PLC

02 June 2014

 



2 June 2014

Minoan Group Plc

(the "Group")

Completion of Acquisition of Martin Singer Travel

Minoan Group Plc is pleased to announce that Stewart Travel Limited ("Stewart"), the Group's travel division, has now completed the acquisition of the trade and assets of Martin Singer Travel ("MST") on the terms announced on 17 March 2014. The acquisition of MST is expected to be earnings enhancing in the current financial year.

As previously reported, MST is a successful, long established, profitable independent business within 8 miles of Aberdeen Airport. The city of Aberdeen has a fast expanding corporate travel market and Stewart is already engaged in an active marketing drive in the area.

Duncan Wilson, Minoan Managing Director commented:

"We are delighted to have completed this acquisition and to have established a presence on the ground in Aberdeen in order to build on the Group's initial success in possibly the most vibrant business travel market in the UK".

For further information visit www.minoangroup.com or contact:

Minoan Group Plc
Christopher Egleton	[e-mail]
Duncan Wilson	0141 226 2930
Bill Cole	020 8253 4305
WH Ireland Limited	020 7220 1666
Adrian Hadden/Nick Field
Throgmorton Street Capital	020 7071 0808
Forbes Cutler
Morgan Rossiter	020 3195 3240
Richard Morgan Evans/James Rossiter

 

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