The Greek Deal.com
BUSINESS
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.
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.