The Greek Deal.com
BUSINESS
Elsewedy Electric
The egyptian company investing in greek energy storage
The financing of the first electricity storage project in Greece by the Egyptian Elsewedy Electric SAE with €18.2 million was announced by the National Bank of Greece.
PATRAS PORT AUTHORITY
€12.4 million approved for Patradise Mega Yacht Marina
The Patradise Mega Yacht Marina project, with a total budget of €12.4 million from the Recovery and Resilience Fund, has been approved by the Patras Port Authority.
UBS
Margin of 28% to 40% for Greek bank stocks
UBS gives a margin of 28% to 40% for Greek bank stocks.
LAMPSA HOTELS
Agreement with Accor for the 25-year management of Elatos Resort in Parnassos
The international chain of luxury hotel units "Emblems Collection" of Accor Group has been chosen by LAMPSA for the management of the resort "Elatos Resort" in Parnassos.
ELSTAT
Industry turnover down 5% in November
The general index of turnover in industry (total domestic and external market) recorded a 5% decrease in November 2024, compared to the corresponding index of November 2023 based on data from the Hellenic Statistical Authority (ELSTAT).
CHEVRON
Interested in hydrocarbon exploration in Greece
The US company Chevron, the world's second-largest private company active in the hydrocarbons sector, has expressed interest in exploration in the sea area southwest of the Peloponnese and west of Crete, which borders the marine plots of a corresponding tender in 2014.
Sunlight Group
Acquires 51% of Lehmann Marine
Sunlight has entered into an investment agreement to acquire 51% of Lehmann Marine, which "establishes itself at the forefront of an industry driven by the growing demand for sustainable solutions in the marine sector", according to the announcement.
National Bank of Greece
Finances the construction of the first electricity storage project in Greece
The National Bank of Greece has signed a loan agreement with Elsewedy Electric SAE to finance the construction of the first electricity storage project in Greece.
Ideal Holdings
In an advanced stage of negotiations for the acquisition of Barba Stathis
Ideal Holdings is in an advanced stage of negotiations for the acquisition of Barba Stathis, the company said in a clarifying statement to the Capital Market Commission, confirming the reports of the last few days.
Growthfund
Launch of a tender for the restoration of the OAKA's surroundings
The Strategic Contracts Unit (Project Preparation Facility - PPF) of the Growthfund announces the launch of the tender for the rehabilitation and upgrading of the Athens Olympic Sports Centre (OAKA), with a total budget of €11.5 million (plus VAT).
EUROBANK EQUITIES
This year's bar for the General Index of the Athens Stock Exchange
After a year in which Greek equities have broadly performed in line with those of the EU region, 2025 looks somewhat more challenging, given international headwinds (e.g. tariffs, geopolitics), according to a report by Eurobank Equities.