Tourism woos other businesses

More and more companies have been looking for additional income from their involvement in tourism in recent years, although their main business has nothing to do with it.

Joining the long list of these companies on Tuesday was MED - listed since last year on the alternative market of the Athens Stock Exchange - which is active in the production and trade of clothing, and mainly swimwear and underwear.

MED announced it will proceed with the absorption of three other companies, which belong to members of its board of directors, with the aim of investing in tourism, as the absorbed companies own plots of land in one of the most popular tourism destinations, at Sani in Halkidiki, Central Macedonia.

According to MED's statement, the plots of land of the three companies (Onyx, Green Hope and Aganor) have the advantage of being next to each other, so they can be...