The Greek Deal.com
BUSINESS
Moody's
Alpha Bank’s strategic partnership with Unicredit is credit positive
The deal will enhance Alpha Bank's tangible capital and profitability. Alpha Bank's return on tangible equity (RoTE) is expected to increase by around 50 basis points, Moody's reckons.
Mytilineos
Reports biggest quarterly profit in history; Beats expectations
Mytilineos reports its highest quarterly profitability performance in its history, led by energy sector. Third quarter numbers came in above street’s expectations.
Piraeus Bank
Completes sale of Direct Solutions to Mellon Technologies for 3m euros
The transaction also includes renewal of the servicing agreement relating to provision by PDS of call center activities to Piraeus Group.
PPC
Finalizes acquisition of Enel's Romanian operations
PPC concluded the acquisition of Italian Enel’s Romanian operations for a consideration of 1.24 billion euros. Including debt, the deal is valued at 1.9 billion euros.
Motor Oil
To allocate '23 interim dividend of 0.40 euros/shr
Ex-interim dividend date is set on December 18, while the first day of payment of the dividend is set on December 22.
Upcoming merger
Pancreta and Attica's business plan to be ready by Feb
The due diligence process is scheduled to start in coming weeks, which will define the terms of the merger and the swap ratio between the banks.
TAIPED
Receives one bid for Ververonta property in Porto Heli
TAIPED received a sole bid for the development of property in the “Ververontas” area of the Porto Heli village in Argolida. Goutos Ikodomiki was the sole bidder.
Grivalia Hospitality
Inaugurates high-end, luxury One & Only resort
Real Estate group Grivalia Hospitality inaugurated the high-end, luxury hospitality project the One & Only Aesthesis, a complex of 128 luxury rooms, suites and villas in Glyfada.
Ravago Hellas
To launch new stonewool unit by start 2024
Ravago Hellas is expected to put into operation a new stonewool production unit in Sevasti Pierias by the start of 2024, according to BnB sources.
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.