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Acquisition: Minoan Group/Miles Away

Posted: October 23, 2014 | Consumer | UK

Deal Feed International Reports: MINOAN Group's Scottish-based travel agency operation has unveiled its first acquisition south of the Border - a deal to buy about 20 per cent of the Miles Away chain.

Press Release:

The transaction, which is subject to contract, will see Minoan enter into a formal strategic partnership with Miles Away.

Minoan did not disclose the price being paid for the minority stake but it is believed to be hundreds of thousands of pounds, meaning that the deal puts a value on Miles Away which is well in excess of £1 million.

Deal details sourced by the Deal Feed Team from Herald Scotland. (Opens in new window)

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