The Greek Deal.com
BUSINESS
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.
OTE
BoD approves absorption of Cosmote
OTE's BoD approve the draft merger agreement by absorption of its 100% subsidiary Cosmote-Mobile. The process is expected to be completed in January 2024.
Motor Oil
Shareholders decide early termination of buy-back scheme
The refiner has purchased altogether 1,775,841 company shares at an average price of 19.278 euros per share.Initially, the scheme involved the purchase of seven million shares at a price range of 8-23 euros.
Moody's
The divestment of HFSF’s shares in Greek banks will be credit positive
Still, Moody’s has a word of caution: the sale of the HFSF shares to National Bank and Piraeus Bank could be more difficult than the Eurobank transaction.
Smart Park
Fourlis agrees to buy Smart Park for 93m euros
Fourlis Holdings said that its real estate arm Trade Estates has signed a share purchase agreement to acquire from REDS the retail park Smart Park.
Hellenic Cables
Cenergy wins new export cables contract for Polish offshore wind farms
A consortium formed between Hellenic Cables and Jan De Nul Group wins new export cables contract for Polish offshore wind farms.
Kotsovolos
PPC confirms interest for Kotsovolos acquisition; Submits offer
PPC confirms its interest for the acquisition of electronic goods retailer Kotsovolos, and said it has submitted a bid in the tender sale.
Hydrocarbons
Helleniq Energy to decide on whether to conduct test drillings in next 6-12 months
CEO Andreas Shiamishis says the results of the offshore seismic researches in two blocks off Crete and Ionian Sea are currently evaluated.
Eurobank-HFSF
Eurobank buys back 1.4% stake from HFSF for 93.7m euros
Eurobank announces the acquisition of all its issued shares held by HFSF for a total consideration of 93.7 million euros. The lender bought back some 52 million common shares.
Dismissal of reports
GEK Terna denies reports of acquiring subsidiary Terna Energy
GEK Terna “categorically denies” “unsubstantiated market rumors and relevant press reports” claiming that it plans to acquire Terna Energy.
Alpha Bank
Some 2.8 million stock option rights exercised
Alpha Bank says that 2,789,104 stock option rights were exercised with a nominal value of 0.29 euros per share.