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Scottish agency chain Stewart Travel has acquired Edinburgh-based independent agency, Morningside Travel.
Stewart Travel parent company Minoan Group said in a statement that Morningside Travel was “an ideal fit for the Stewart Travel retail business”.
The consideration for the acquisition is £135,000 of which £110,000 is to be settled by the issue of 1,203,502 new ordinary shares of 1p each in Minoan at 9.14 pence per share fully paid up.
Morningside Travel’s website now clicks through to the Stewart Travel site.
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