Source - SMW
Dolphin Capital Investors has agreed to sell its 77.8% interest in the Sitia Bay residential resort development in eastern Crete to minority partner in the project, Iktinos Hellas, for up to €15m.

The first installment of €1.4m was due to be received within two business days from the execution of the agreement, while a second installment of €8.6m was due by March 31, with the €5m balance due by December 31.

The acquirer will be entitled to a €1m discount if all the payments are made by March 31.

At 1:59pm: (LON:DCI) Dolphin Capital Investors Ltd share price was +0.63p at 7.5p