The Greek Deal.com
BUSINESS
GrowthFund
Appointed Ioannis Papachristou as new CEO
The Corporate Governance Council (CGB) of the GrowthFund based on its responsibilities, has decided to appoint Mr. Ioannis Papachristou for a four-year term of office effective from 4 March 2025.
Attica Bank
Completion of the €3.7 billion Domus and Rhodium securitisations
The securitizations of Attica Bank's "Domus" and "Rhodium" non-performing loan portfolios, with a total book value of approximately €3.7 billion, were successfully completed, following the receipt of all necessary approvals, including the provision of a guarantee by the Greek State ("Heracles III").
Hellenic General Insurance
Deal has entered the final stretch
Piraeus' deal for Hellenic General Insurance has entered the final stretch, with reports that more news will be released before the bank's figures are announced at the end of February.
AKTOR GROUP of Companies
New shares started trading yesterday
Trading on the Athens Stock Exchange started yesterday in the new shares of Aktor Group, following the successful completion of the recent €200 million growth equity capital increase, which was oversubscribed and will finance part of the €2 billion investment.
Fitch SOLUTIONS
Why Greek banks stand out - What he sees for profits, competition and loans
The four systemic banks are in the best shape in the last decade, according to Fitch Solutions, and the goal is to expand and accelerate their growth in the coming years.
alpha finance
The 4+1 factors that give up to 51% upside for AIFM shares
For those looking for investment options with perspective, Greek real estate remains a market with significant growth potential, according to a report by Alpha Finance, which highlights that Greek real estate investment trusts are trading at a 40% discount to net asset value (NAV).
coffee island
First store in India
Coffee Island has opened its first store in India, in the heart of the business and technology hub of Gurgaon.
TITAN
New venture capital investments
With new venture capital investments in high-potential sectors during 2024, TITAN Group is expanding its portfolio and further accelerating its innovation strategy.
Eurobank
Disbursement for the 8th tranche approved - 2.2 billion from the Recovery Fund
Eurobank has received approval for the disbursement of the eighth tranche of the Recovery & Resilience Fund (RDF), amounting to €300 million of resources, from the Ministry of Economy and Finance, having met the required targets under the Operational Agreement signed with the Greek State.
Attica Group
The strategic plan for sales of up to €925 million and EBITDA of up to €262 million in 2030
Attica Group is setting the bar for 2030 at €238-€262 million for EBITDA and €915-€925 million for revenues, according to the information presented by the group's management at the Capital Day held yesterday in London.
Piraeus Bank
Discussions for Hellenic General Insurance in full swing
Negotiations between Piraeus and CVC for the acquisition of Hellenic General Insurance are underway, according to the bank's CEO, Christos Megalou, at a press conference.