The Greek Deal.com
BUSINESS
DEI
Agreement for the acquisition of Kotsovolos
DEI announces an agreement for the acquisition of Kotsovolos in exchange for an enterprise value of €200 million, noting
Alpha Bank
Adjusted net profits for the nine months at €564.7 million
Adjusted after-tax profits of €564.7 million were reported by Alpha Bank for the current fiscal year's nine-month period
HELLENiQ ENERGY
Net profits of €462 million for the 9-month period
Comparable Net Profits amounted to €218 million for the third quarter and €496 million for the nine-month period.
Eurobank
Signing of a Binding Agreement for the Solar Transaction
The Solar Transaction is expected to be completed within the first quarter of 2024
TERNΑ ENERGY
TERNΑ ENERGY: 87.5% Increase in Adjusted Net Profits in the 3rd Quarter
There was a significant increase in revenue (+28.3%), adjusted operating profit (+26.7%), and adjusted net profits (+87.5%) during the third quarter of the year
Fourlis
Price range for Trade Estates' IPO set at 1.92-2.13 eurps
The IPO will run from Nov 1 to 8. The estate company will offer 28.2 million new shares. The final offering price will be announced on November 3.
Coca Cola HBC
3Q top line comes in weaker-than-expected due to adverse FX
Coca Cola HBC reported weaker than expected third quarter top line figures largely due to adverse foreign exchange moves. Reiterated guidance.
Helleniq Energy
Acquires portfolio of six 26 MW PV parks in Cyprus
The PV parks’ annual electricity generation is estimated at 43 GWh. The agreement is expected to be completed in 1Q24.
Alpha-Unicredit
HFSF launches process for Alpha's stake; Unicredit offers 1.33 euros/shr
The Fund received last week an offer from Unicredit for the stake as part of the Italian lender’s plan to become Alpha Bank’s biggest investor. Unicredit offers 1.33 euros per share.
Prodexpo Conference
No risk of housing bubble in Greece; Lack of green warehousing
There is no risk of housing bubble in Greece, panelists at the Prodexpo Conference concluded. Still, warehousing demand is rising while the market lacks green warehousing logistisc.
Cenergy Holdings
Announces new 275km offshore inter-array cables project win in UK
Hellenic Cables has signed a contract with Seaway7 for the East Anglia THREE offshore wind farm which is being developed by ScottishPower Renewables.