The Greek Deal.com
BUSINESS
Palaplast
Eyes further expansion abroad via launching new products
Plastic pipes and fittings producer Palaplast sticks to its target for expansion abroad launching new products, sources told BNB Daily.
Attica Group
BoD approves merger by absorption of ANEK Lines
The merger by absorption of ANEK will occur at an exchange ratio of one common or preference share of ANEK to 0.1217 new common registered shares of Attica.
Amazon
Completes development of solar park in Aetolokarnania
The project is one of a total of thirty-nine new renewable energy projects announced by Amazon in Europe, adding more than 1GW of total clean energy capacity to European grids.
Bad loans
Debt servicers manage 89b euros of overdue loans by end Sept
Bad loans transferred to debt services reached 89 billion euros at the end of September, including 69 billion euros in loans which were sold to debt purchasers by banks.
Alpha Bank-Unicredit
Hatzidakis, Stournaras welcome mega-deal
Finance Minister and Bank of Greece head welcomed the Alpha Bank-Unicredit mega deal, as a European bank invests in Greece after a decade.
Alpha-Unicredit deal
HFSF confirms offer by Unicredit for Alpha's stake; To launch tender process
Hellenic Financial Stability Fund confirms it has received an offer by Uncredit to buy 9% Alpha’s own stake held by the bank rescue fund.
Strategic parthership
Unicredit offers to buy Alpha' s stake from HFSF; To merge Romanian subsidiaries
Alpha Bank and UniCredit announce a strategic partnership in Greece and merger of Romanian subsidiaries.
Alpha Bank
Completes 1.5b euros NPL sale to Hoist Finance
Alpha Bank has completed the disposal of a 1.5 billion euros retail unsecured non-performing loans to Hoist Finance. The sale of Cell project is capital neutral for the bank.
TAIPED
Cancels DEPA Commercial tender sale; Examines alternatives
Privatisation agency TAIPED said it decided to cancel the international tender process for the sale of 65% stake in the country’s dominant gas supplier DEPA Commercial.
GEK Terna
Vehemently denies report of bank refusal for letter of guarantee
GEK Terna vehemently dismisses press report which claimed that a bank refused to provide the company with a letter of guarantee.
Piraeus Bank
Launches voluntary exit scheme; Runs until Nov 3
Piraeus Bank said it launches a voluntary exit scheme, paying out compensations of up to 180K euros or even 220K euros to outgoing employees.