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There was no strategic environmental study acailable in the new design.

Three investment schemes had placed bids in the competition.

The new hotels will join the four Fosun Tourism already operated in 2021 on Crete, Rhodes and Kos.

The team of consultants that undertook the project consists of Deloitte, which is active worldwide and in a series of projects related to the design and implementation of smart city strategies.

The budget of the program for the period 2021 - 2026 was increased to € 200 million from € 80 million.

The transaction is expected to reach completion by Q3 2022.

Under the terms of the acquisition, each McKay shareholder will be entitled to receive 209 pence per share in cash