The Greek Deal.com
BUSINESS
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.
Duty Free Shops
Plans new openings; To post one of best annual earnings performance
Duty Free Shops plan expansion with new openings in airports, smaller port and border stations, CEO Maria Ioannidou said. Duty Free Shops are expected to register one of the best yearly earnings performance.
PPC
Completes acquisition of minority stakes of Fondul in ENEL Romania
PPC says that it has completed the acquisition of all the minority equity stakes of Fondul held by Enel Romania for a consideration of 130 million euros.
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.